On 4/1/20, Sookie sold land that she held for investment purposes. Sookie received $200,000 in cash and a $ 1,000,000 note receivable that will pay principal as follows: 12/31/20 $200,000 12/31/21 $200,000 12/31/22 $200,000 12/31/23 $200,000 12/31/24 $200.000 Sookie's adjusted basis in the land sold is $270,000. Absent any elections, how much gain will Sookie recognize in 2020? $200.000 1146.000 $155.000 $292.000 $310,000