ylvy X BY Quiz: Module 8 - Final Exam - (X + 1128915/quizzes/3781853/take Question 18 10 pts Verlin sells a commercial building and receives $50,000 in cash and a note for $60,000 at 10 percent interest. Verlin's adjusted basis in the building on the date of sale is $45,000 and he collects only the $50,000 down payment in the year of the sale. Assuming Verlin uses the installment sale method, calculate the taxable gain he must report for the year of the sale