[单选题]
David Dickens sold a piece of land on an installment sale basis to Chuck Quarters on October 1, Year 1. David's basis in the land was USD150,000 and Chuck purchased it for USD1,500,000; payable in three annual installments of USD500,000 on Dec. 31, Year 1, Year 2 and Year 3. How much gain should David report in his Year 1 tax return?
A .USD1,500,000
B .USD500,000
C .USD1,350,000
D .USD450,000
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