When determining net income for tax purposes for a business, which of the following statements are true?

		In general, business income is determined on an accrual basis
		A year-end deduction is permitted for an estimate of the bad debts that will be realized subsequent to the current year
		Income earned from property acquired for use in a business will be considered business income while it is held
		All of the choices are correct

On November 30, 2020, Marg's Antiques sold a mint condition vintage stove for $65,311. The company paid $32,617 for the stove at an auction. The buyer has agreed to pay for the stove in 4 instalments every December 31 in 2021, 2022, 2023 and 2024.

Calculate the amount that Marg's Antiques can deduct as a reserve for unpaid ammounts in 2022.