Dakota sold a piece of land in Year 1 for $350,000. The land was recognized as capital property. The origin he selling costs incurred in Year 1 were $5,000. The terms of the payment included an immediate down emainder of the cost to be paid over the next three years in three equal payments. Dakota wishes to rep ain allowed each year. What is the taxable capital gain for Year 1 ? (Round intermediate and final answers Multiple Choice