Greg sells an investment property whose Fair Market Value is 1 million dollars, but subject to a mortgage of 200,000. The buyer pays for the property by assuming the 200,000 mortgage and paying Greg 100,000 in the year of sale, and 100,000 per year exclusive of interest in seven annual installments beginning in the year after sale. Greg's Adjusted Basis in the property was 600,000. The installment notes carry interest above the applicable federal rate. Greg will report _________ gain on the sale in the year of sale, exclusive of interest, if he uses the installment method. 90,000 40,000 60,000 50,000