Pedro sells investment land on September 1, 2020. Information pertaining to the sale follows: Adjusted basis Selling price Selling expenses Down payment Four installment payments Mortgage assumed by the buyer Required: $ 12,000 43,200 600 4,000 7,200 10,400 Each installment payment is due on September 1 of 2021, 2022, 2023, and 2024 (ignore interest). Determine the tax consequences in 2020, 2021, 2022, 2023, and 2024. (Do not round intermediate calculations. Round your final answers to nearest whole dollar value.) Year Gain Recognized 2020 2021 2022 2023 2024 Total $ 0