Payroll taxes

Homework i Saved Pedro sells investment land on September 1, 2019. Information pertaining to the sale follows: Adjusted basis $25,000 Selling price 90, 000 Selling expenses 1, 500 Down payment 12,000 Four installment payments 15, 000 Mortgage assumed by the buyer 18, 080 Required: Each installment payment is due on September 1 of 2020, 2021, 2022, and 2023 (ignore interest). Determine the tax consequences in 2019, 2020, 2021, 2022, and 2023. (Do not round intermediate calculations. Round your final answers to nearest whole dollar value.) Year Gain Recognized 2019 nces 2020 2021 2022 2023 Total S