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Pedro sells investment land on September 1, 2021. Information pertaining to the sale follows: Adjusted basis Selling price Selling expenses Down payment Four installment

Pedro sells investment land on September 1, 2021. Information pertaining to the sale follows: Adjusted basis Selling price Selling expenses Down payment Four installment payments Mortgage assumed by the buyer Required: $ 22,000 79,200 1,100 9,000 13,200 17,400 Each installment payment is due on September 1 of 2022, 2023, 2024, and 2025 (ignore interest). Determine the tax consequences in 2021, 2022, 2023, 2024, and 2025. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar value. Gain Year Recognized 2021 2022 2023 2024 2025 Total

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