3 For the three taxation years ended December 31, 2019, 2020 and 2021, assume that Sherman Sage had the following net tax owing. 4 2019 Net tax owing 2,758 3,169 3,126 5 2020 62021 (Estimated) 7 B Required: Explain why instalments are required for the 2021 taxation year (1 mark) Calculate the amount of the instalments that would be required under each of the three acceptable methods. (3 marks) Alternative 1 (quarterly instalment): Alternative 2 (quarterly instalment): Alternative 3 (first two instalments) 0.50 0.50 0.50 11 12 Calculate the amount of the instalments that would be required under each of the three acceptable methods. (3 marks) 13 14 Alternative 1 (quarterly instalment): 15 Alternative 2 (quarterly instalment): 16 Alternative 3 (first two instalments) 17 Alternative 3 (second two instalments) 18 19 Alternative chosen 0.50 0.50 0.50 0.50 1 20 21 Indicate the dates on which the payments will be due. (1 mark) 22