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Betty sold a plot of land (basis $10,000) on August 1, 2018 to Craig for $15,000. Craig paid $2,500 during 2018 and will pay $2,500

Betty sold a plot of land (basis $10,000) on August 1, 2018 to Craig for $15,000. Craig paid $2,500 during 2018 and will pay $2,500 each year plus interest for the next six years. What is Betty's taxable gain for 2018 using the installment method?

$833.

$1,667.

$2,500.

$5,000

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