Several years ago I purchased land for $200,000 in cash. It has since gone up in value to $1,000,000. The property is next to the campus of a small college (a public charity), and the college would like to have the land. I sell the land to the college for $500,000. How much of the original cost basis is attributable to the sale portion of the transaction for purposes of calculating the capital gain? 1.$100,000(50%) 2. $200,000(100%) 3. $500,000(50%) 4. $1,000,000(100%) 5. $0(0%)