Albatross Corporation acquired land for investment purposes in 2005 at a cost of $100,000. Albatross sold the land to Monty on December 30, 2020 and did not elect out of the installment method of accounting. The selling price of the property was $400,000. Monty made a cash down payment of $50,000 on the date of sale and executed a $350,000 note, payable in seven annual installments of $50,000 each plus interest at the rate of 6% per annum. The first installment of $50,000 was due in 2021 which Monty paid, plus interest of $21,000. Discuss the effect o