On January$30,2023,$ Ashlyn sells land to Bentley for a stated price of $$240,000.$ The full $$240,000$ is payable on January$30,2026.$ No interest is stated. Ashlyn$,$ a$$ cash$-$method taxpayer, purchased the land in $2018$ for $$70,000.$

a$.$ How much interest income must be reported by Ashlyn on the$$ sale? Assume a $5\%$ rate compounded semiannually. The present value factor is $0\mathrm{.}8623.$

b$.$ In what year is the interest$$ reported?

c$.$ How much gain is reported by Ashlyn on the$$ sale?

d$.$ In what year is the gain$$ reported?

e$.$ What is Bentley's basis in the$$ land?