Required information Problem 11-63 (LO 11-6) The following information applies to the questions displayed below. Russell Corporation sold a parcel of land valued at $615,000. Its basis in the land was $479,700. For the land, Russell received $105,000 in cash in year O and a note providing that Russell will receive $189,000 in year 1 and $321,000 in year 2 from the buyer. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Problem 11-63 Part-a a. What is Russell's realized gain on the transaction? Realized gain