Scenario: In October 2020, Zuma sold property for $82,000 with an adjusted basis of $22,000. The buyer paid $20,000 down with the remaining $62,000 to be paid in four equal annual installments of $15,500 beginning in October 2021 with interest at 12%.

How much income does Zuma report in 2020 and the following 4 years (ignore the interest)?

10.1.3