In January, 2020, Perty Inc. sells an inventory item for The cost of the item is: There is a down payment in 2020 of: 3 annual payments are made in the years 2021, 2022, and 2023 of: $1,000,000 $304,000 40% 20% Indicate the amount of the reserve that can be deducted, if any, and the net income, for each of the years 2020 through 2023