lack sells land to Jill in 2022 for $75,000 cash plus lilis note for $225,000. Lack's basis for the property was 120,000. The rote widi be repalid as follows: $100,000 in 2023 and the balance in 2024. Show your calcutations for partial credit, where applicable. a. Show the computation of lack's realired gain or floss) on the 2022sale. b. Show the amount of gain recognized using the installiment method in each yeari - Amount of 2022 gain recogniced? - Ambunt of 2023 gain recogntiod? - Amount of 2024 gain recognired? c. How much gain would be recognimed in each of the three vears if lack elected out of the instaliment method (did not use it)? - Amount of 2022 gain recognized? - Amount of 2023 gain recogenited? * Amount of 2024 gain recognized