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 $25,000 $35.000 $10,000 $50,000