8. Rex sells an asset on the installment method. Fill in the last two rows of each column (20): Selling Price 800,000 Basis 400,000 Recapture -0- Liability -0- Yr 1 Payment 200,000 Gross Profit % Yr 1 Total Gain 800,000 400,000 100,000 -0- 200,000 800,000 400,000 -0- 200,000 200,000 800,000 400,000 -0- 500,000 200,000 800,000 400,000 200,000 500,000 200,000 8. Rex sells an asset on the installment method. Fill in the last two rows of each column (20): Selling Price 800,000 Basis 400,000 Recapture -0- Liability -0- Yr 1 Payment 200,000 Gross Profit % Yr 1 Total Gain 800,000 400,000 100,000 -0- 200,000 800,000 400,000 -0- 200,000 200,000 800,000 400,000 -0- 500,000 200,000 800,000 400,000 200,000 500,000 200,000