4. Maggie sold property and reported the gain by the installment method. Her basis in the property was S200,000. The property was subject to S100,000 of depreciation recapture. Maggie sold the property for $100,000 cash on the date of sale, June 30, 2012 and a note for $400,000 (plus interest at the Federal rate) due on June 30, 2013. Maggie's gain to be reported in 2012 (exclusive of interest) is: a. $100,000. b. $ 40,000. Incorrect c. $140,000. d. S 60,000