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Required information

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Russell Corporation sold a parcel of land valued at $$647,500.$ Its basis in

the land was $$472,675.$ For the land, Russell received $$58,500$ in cash in

year $0$ and a note providing that Russell will receive $$227,000$ in year $1$

and $$362,000$ in year $2$ from the buyer.

Note: Do not round intermediate calculations. Round your final answers

to the nearest whole dollar amount.

a$.$ What is Russell's realized gain on the transaction?

Answer is complete but not entirely correct.