Required information [The following information applies to the questions displayed below.] Russell Corporation sold a parcel of land valued at $592,500. Its basis in the land was $391,050. For the land, Russell received $51,750 in cash in year 0 and a note providing that Russell will receive $214,000 in year 1 and $326,750 in year 2 from the buyer. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. b. What is Russell's recognized gain in year 0 , year 1 , and year 2