Peter sold shares of Telephonica Ltd. for $500,000. The shares cost him $200,000 to buy. The purchaser has agreed to pay him his proceeds over time as follows: year 1 $80,000, year 2 $100,000, year 3 $100,000, year 4 $100,000, year 5 $120,000. What will Peter's taxable income inclusion be in the year of sale (year 1)