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 recognized gain in year 0, year 1, and year 2?