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Multiple Choice3-18 Installment Sales (LO 310) Pat sells land for $25,000 cash and a $75,000 5-year note. If her basis in the property is $30.000

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Multiple Choice3-18 Installment Sales (LO 310) Pat sells land for $25,000 cash and a $75,000 5-year note. If her basis in the property is $30.000 and she receives only the $25.000 down payment in the year of sale, how much is Pat's taxable gain in the year of sale using the installment sales method? O $75.000 O $25.000 c. $17.500 d. 30 O. 35.000

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