In 2022, Skylar sold equipment for $106,600 cash and a $1,066,000 note due in two years. Skylar's cost of the property was $852,800, and he had deducted depreciation of $511,680.

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? $_________

b. In the year of sale, how much 1245 gain does Skylar recognize? $__________ How much gain can be deferred under the installment sale method? $___________