Barbara sells vacant land that was held for investment in her business for $274,000. The land had an adjusted basis of $57,540. The buyer has offered to pay for the land with $61,000 cash at the date of sale and then in three equal installments of $71,000 over the next three years beginning on January 1 of the next year. What is Barbara's realized and recognized gain in each year of the sale? Assume that adequate interest is paid in addition to the numbers shown above. Realized gain $ 216,460 Recognized gain in year 1 $ 45,457 Recognized gain in year 2 $ 48.190 Recognized gain in year 3 $ 48,190 Recognized gain in year 4 $ 48,190