Shannon owns 60 percent of the stock of Shannon's Caf Inc (SCI). SCI owns a building which is fully depreciated, valued at $120,000; inventory valued

Shannon owns 60 percent of the stock of Shannon's Café Inc (SCI). SCI owns a building which is fully depreciated, valued at $120,000; inventory valued at $80,000; and land valued at $200,000. In 2024, SCI sold the building, inventory and land to Shannon's daughter, Kelly , who will operate Shannon's Café. Kelly will pay the purchase price of $400,000 in installments over 20 years beginning in 2025. SCI did not elect out of the installment method. Is SCI eligible for installment sale reporting (address all three assets)? If Kelly sells the land to a third party in 2025 for $250,000 cash, after having paid SCI $10,000 principal on the contract (for the land), how much must SCI report as payment in 2025?