Sandra Surrey sold her racehorse for $75,000 in 2019 to Mickey Jockey and received $15,000 down and a note for $60,000 (3 payments of $20,000 due each of the next 3 years) together with accrued interest of 10 percent compounded annually. If the note is paid on time and the horse is investment property in which Sandra had a basis of $28,000, what are the tax consequences for 2019 and 2020 to Sandra if she reports her gain on the installment method.