In March 2018, Mary Marionette sold equipment used in her business for \(\$ 80,000\), to be paid in eight annual installments of \(\$ 10,000\) plus interest beginning in 2019 . The equipment was acquired in 2014 for \(\$ 48,000\), and its adjusted basis was \(\$ 20,000\) at the time of the sale. How is the income from this sale recognized and how will it be treated?