Mr$.$ McDonald is ready to retire from farming and therefore sold his $100$ acres of farmland for $$615,700$ on

January $1,$ Year $1.$ The sales proceeds are payable in five instalments: $$100,000$ at the time of the sale, $$200,000$

on December $31,$ Year $1,$ $$100,000$ on December $31,$ Year $2,$ $$100,000$ on December $31,$ Year $3$ and the

remainder on December $31,$ Year $4.$ For simplicity, assume that the adjusted cost base of the farmland for Mr$.$

McDonald has been correctly calculated as $$275,000$

Required: Calculate the capital gain that will be reported, by Mr$.$ McDonald in Years $1,2,3$ and $4$