The class is "Individual Taxation". I have the following questions:

Q. During Year 1, Frank, a cash-basis taxpayer, sold a piece of land that had an adjusted basis to him of $110,000 to Tony for $200,000. Tony paid $50,000 down and agreed to pay $30,000 per year plus interest for the next 5 years beginning in January of Year 2. Frank incurred selling expenses of $10,000. What is the amount of gain to be included in Frank's gross income for Year 1?