Marshall sells his entire interest in a passive activity for $350,000 on the installment method. His adjusted basis in the property is $280,000. The activity has a suspended loss of $40,000. In your computations, round any division to three decimal places. If Marshall receives a $80,000 down payment, he will recognize a gain of $fill in the blank 1 and Marshall will deduct $fill in the blank 2 of the suspended losses in the first year of the sale.