Pedro sells investment land on September 1, 2022. 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 18,000 Required: Each installment payment is due on September 1 of 2023, 2024, 2025, and 2026 (ignore interest). Determine the tax consequences in 2022, 2023, 2024, 2025, and 2026