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?In 2 0 2 3 , ?Skylar sold equipment for $ 1 2 0 , 2 0 0 ?cash and a $ 1 , 2

?In 2023, ?Skylar sold equipment for $120,200 ?cash and a $1,202,000 ?note due in two years. Skylar's cost of the property was $961,600, ?and he had deducted depreciation of $576,960.
If required, round any division to two decimal places and your final answers to the nearest dollar.
a. ? Under the installment sales method, what is Skylar's total realized gain?
$fill in the blank 1
b. ? In the year of sale, how much 1245 ?gain does Skylar recognize?
$fill in the blank 2
How much gain can be deferred under the installment sale method?
$fill in the blank 3

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