Aaron sold a piece of land in 2020 for $425,000. He purchased this land in 2012 for $180,000 and held the land as an investment. He sold the land on an installment contract. He received a down payment of $75,000 in 2020 and a note for the remaining $350,000. The installment contract calls for 5 annual payments, starting in 2021, of $85,362 including interest at 7% APR. How much capital gain will Aaron recognize for the 2021 tax year? O $35,085 O $49.208 $25.777 $85.362 O $0 Aaron sold a piece of land in 2020 for $425,000. He purchased this land in 2012 for $180,000 and held the land as an investment. He sold the land on an installment contract. He received a down payment of $75,000 in 2020 and a note for the remaining $350,000. The installment contract calls for 5 annual payments, starting in 2021, of $85,362 including interest at 7% APR. How much capital gain will Aaron recognize for the 2021 tax year? O $35,085 O $49.208 $25.777 $85.362 O $0