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Sigmund's share of assets of a partnership are as follows: The partnership has no liabilities...

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Accounting

Sigmund's share of assets of a partnership are as follows:
The partnership has no liabilities and Sigmund's tax capital account is the same as the basis of his share
of assets.
Marta buys Sigmund's partnership interest for $100,000 by giving Sigmund an installment note calling for
the following principal payments:
After Year 1: $25,000
After Year 2: $25,000
After Year 3: $25,000
After Year 4: $25,000
Interest on the unpaid balance will also be due with each payment.
How much gain must Sigmund recognize in the year of sale?
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