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Please help me answer these questions QUESTION 14 Taxpayer enters into an installment sale agreement. Gain on the sale is $200,000. Gross proceeds of the

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QUESTION 14 Taxpayer enters into an installment sale agreement. Gain on the sale is $200,000. Gross proceeds of the sale are $4 million Total adjusted basis of property sold was $3.8 million. Cash is received in 4 equal installments. What amount of gain is recognized in the first year cash is received? O $100.000 $200,000 $50.000 $4 million

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