Question: Exerclse 1 8 - 3 1 ( Algorithmic ) ( LO , 4 ) In 2 0 2 3 , Skylar sold equipment for $

Exerclse 18-31(Algorithmic)(LO,4)
In 2023, Skylar sold equipment for $35,200 cash and a $352,000 note due in two years. Skylar's cost of the property was $281,600, and he had deducted depreciation of $168,960.
If requlred, round any division to two decimal places and your final answers to the nearest dollar.
a. Under the installment sales method, what is Skylar's total realized gain?
$
b. In the year of sale, how much $1245 gain does Skylar recognize?
$
How much gain can be deferred under the installment sale method?
$
Exerclse 18-31(Algorithmic)(LO,4) In 2023, Skylar sold equipment for $35,200 cash and

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