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Pedro sells investment land on September 1 , 2 0 2 2 . Information pertaining to the sale follows: Required: Each installment payment is due

Pedro sells investment land on September

1, 2022 .

Information pertaining to the sale follows:

Required:

Each installment payment is due on September

1

2023, 2024, 2025,

and

2026 (

ignore interest

) .

Determine the tax consequences in

2022, 2023, 2024, 2025,

and

2026 .

Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar value.

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