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 installment sales method, what is Skylar's total realized gain? 220,000 b. In the year of sale, how much 1245 gain does Skylar recognize? 60,000 X How much gain can be deferred under the installment sale method? 20,000 X