Peroni Corporation sold a parcel of land valued at $300,000. Its basis in the land was $250,000. For the land, Peroni received $150,000 in cash in the current year and a note providing Peroni with $150,000 in the subsequent year. What is Peroni's recognized gain in the current and subsequent year, respectively? a. $0, $50,000.b. $10,000, $40,000.c. $25,000, $25,000.d. $50,000, $0.e. None of the choices are correct.