(LO3) Annabelle sells vacant land that was held for investment in her business for \(\( \$ \) 281,250\). The land had an adjusted basis of \(\( \$ \) 56,250\). The buyer has offered to pay for the land with \(\( \$ \) 71,250\) cash at the date of sale and then in three equal installments of \(\( \$ \) 70,000\) over the next three years beginning on January 1 of the next year. What is Annabelle's realized and recognized gain in each year of the sale? Assume that adequate interest is paid in addition to the numbers shown above.