5. If the equipment was sold for a price of $100,000 rather than $400,000, how much loss would be recognized in Year 2?

here is info:

Gross profit : $150,000

Gross profit %: 0.38%

In Year 1 ABC Company sells equipment to XYZ Company for $400,000 in an installment sale. ABC Company has a basis in the equipment of $250,000. In Year 1 ABC company will receive three payments totaling $300,000 and in year 2 the final payment totaling $100,000