Required information The following information applies to the questions displayed below Russell Corporation sold a parcel of land valued at $417,500. Its basis in the land was $311,037. For the land, Russell received $90,000 in cash in year 0 and a note providing that Russell will receive $227000 in year 1 and $100,500 in year 2 from the buyer. (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? ealized gain