In $2023,$ Azul Corporation sells land that had been held for investment purposes for $$550,000,$ with a cost basis of $$500,000.$ Azul negotiates to receive zero down in the year of sale and receives the full selling proceeds in $2024$ instead of the full selling price in $2023.$ Assume that Azul's combined Federal and state marginal tax rate in $2023$ is $35\%$ and $25\%$ in $2024.$ By electing the installment method, how much income tax is saved?