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Pedro sells investment land on September 1, 2020. Information pertaining to the sale follows: Each installment payment is due on September 1 of 2021,2022, 2023,
Pedro sells investment land on September 1, 2020. Information pertaining to the sale follows: Each installment payment is due on September 1 of 2021,2022, 2023, and 2024 (ignore interest). Determine the tax consequences in Required: 2020,2021, 2022, 2023, and 2024. (Do not round intermediate calculations. Round your final answers to nearest whole dollar value.)
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