on January 1 2021 Kanto a cash basis Taxpayer, pays 46228 for 24 month COD the certificate is priced to yield 4% with interest compounded annually. no interest is paid until maturity when Kanto receive 50000. compute Kanto gross income from certificate for 2022 and 2021

On January 1, 2021, Kunto, a cash basis taxpayer, pays $46,228 for a 24 -month certificate of deposit. The certificate is priced to yield 4% (the effective interest rate) with interest compounded annually. No interest is paid until maturity, when Kunto receives $50,000. Round all calculations to the nearest dollar. a. Compute Kuntn's gross income from the certificate for 2021 . b. Compute Kunto's gross income from the certificate for 2022