$9=$Wilson purchased a large piece of land on the edge of St Albert in $1989$ for $$150,000.$ He

sold it on March $1,2022$ to a developer for $$550,000.$ He received a down payment of

$$150,000$ at the time of sale. The remaining $$400,000$ is to be paid to him in equal annual

instalments of $$100,000$ beginning March $1,2023.$

Calculate Wilson's maximum capital gains reserve in $2025.$ Show work in the space

below.