In year $1,$ Chris sells a collector automobile he purchased several years ago with a basis of $$126,525$ to a buyer for $$210,00.$ As a part of the purchase price, the buyer agrees to assume a $$52,500$ loan on the auto and pay the remaining $$157,500$ in $5$ equal annual installments, beginning in the year of sale and with adequate interest. Compute the amount of gain that Chris must recognize each year of the $5-$year contract. $($round gross profit percentage to $2$ decimal places, e$.$g$.15\mathrm{.}25\%$ and final answers to $0$ decimal places, e$.$g$.15.)$In Year $1,$ Chris sells a collector automobile he purchased several years ago with a basis of $$126,525$ to a buyer for $$210,000.$ As part

of the purchase price, the buyer agrees to assume a $$52,500$ loan on the auto and pay the remaining $$157,500$ in $5$ equal annual

installments, beginning in the year of sale and with adequate interest. Compute the amount of gain that Chris must recognize each

year of the $5-$year contract. $($Round gross profit percentage to $2$ decimal places, e$.$g$.15\mathrm{.}25\%$ and final answers to $0$ decimal places, e$.$g$.15.)$

Gain recognized in year $1$$

Gain recognized in year $2$$

Gain recognized in year $3$$

Gain recognized in year $4$$

Gain recognized in year $5$$