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Russell Corporation sold a parcel of land valued at $425,000. Its basis in the land was $359,125. For the land, Russell received $61,500 in cash

Russell Corporation sold a parcel of land valued at $425,000. Its basis in the land was $359,125. For the land, Russell received $61,500 in cash in year 0 and a note providing that Russell will receive $179,000 in year 1 and $184,500 in year 2 from the buyer (plus reasonable interest on the note).

What is Russells realized gain on the transaction?

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