Maria sold land she had held for investment on November 3, 2022 for $535,000. Her basis in the land was $395,000, and she incurred selling expenses of $26,750. Maria agreed to receive the following payments to satisfy the sale: November 3, 2022 35,000 January 1, 2023 100,000 January 1, 2024 100,000 January 1, 2025 300,000 a. How much recognized gain will Maria report in each year? Assume for purposes of this calculation that interest is adequate and separately paid. Create an Excel spreadsheet to develop your solution. b. How would your answer change if Maria were to receive the following payments? Create an Excel spreadsheet to develop your solution: November 3, 2022 0 January 1, 2023 225,000 January 1, 2024 75,000 January 1, 2025 235,000 Create an excel that calculates the amounts that Maria will recognize each year.