Russell Corporation sold a parcel of land valued at $440,000. Its basis in the land was $294,800. For the land, Russell received $121,500 in cash in year 0 and a note providing that Russell will receive $229,000 in year 1 and $89,500 in year 2 from the buyer. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)

b. What is Russells recognized gain in year 0, year 1, and year 2?

Year	Recognized Gain
0
1
2