Tom sold a capital property on December 31, 2021 for $300,000. $280,000 is payable on December 31, 2023, and the balance was paid immediately in cash. The adjusted cost base of the property was $170,000 and the selling costs totaled $10,000. Which one of the following amounts represents the minimum taxable capital gain in 2021?

		$40,000.
		$70,000.
		$12,000
		$24,000.