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.

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