Determine the amount of income that must be recognized by the taxpayer(s) in the current year each of the following situations. Explain how you determined the amount that was taxable. a. Lisa sells a parcel of land she held as an investment for $116,000. Lisa purchased the land four years ago for $28,000. She spent $2,000 grading the land and $6,000 putting in utility lines. Lisa receives $16,000 upon closing the sale. The remaining $100,000 is to be received in four annual payments of $25,000 over the next four years, with interest at 8% on the outstanding balance. b. Randy receives a $10,000, 6%, bond from his grandfather, Kenneth, for his birthday on September 30. Annual interest is paid on December 31. Randy receives the $600 payment on December 31