Darren sold a piece of land for $175,000, to be paid with 6% interest over five annual payments of $35,000, with the first payment due this year. Darren purchased the property for $125,000 several years ago. What amount of capital gain will Darren report in the year of sale using the installment method? Do not round intermediary calculations; round your final answer to the nearest whole dollar. Multiple Choice $50,000 $35,000 $10,000 $25,000