Question

During 2008, Cynthia sold a vacat lot to Joseph for $180,000. Cynthia's adjusted basis in the lot was $101,000 and she incurred selling expenses of $7,000. Joseph paid Cynthia $30,000 down payment in 2008 and agreed to pay $30,000 per year plus interest for the next five years beginnign in 2009. What is the amount of gain to be included in Cynthia's gross income for 2008?