Exercise 16-31 (LO. 4) In 2022, Skylar sold equipment for $20,000 cash and a $300,000 note due in two years. Skylar's cost of the property was $250,000, and he had deducted depreciation of $150,000, a. Under the instaliment sales method, what is Skylar's total realized gain? b. In the year of sale, how much 51245 gain does Skylar recognize? X How much gain can be deferred under the instaliment sale method? X