Solomon bought a capital property several years for $$150,000.$ He sold the property to his best friend William for $$260,000.$ William did not have the money to pay for the property. Being best friends and Solomon is not in need for all the money right now and so$,$ they agreed on an installment sale. They agreed to the following:

William will give Solomon $$100,000$ right now and then pay $$40,000$ per year over the next $4$ years.

What is the capital gain that Solomon has to report for each year from the year of sale subject to the capital gains inclusion rate of $50\%?$ Show all your calculations.