Which of the following taxpayers may report the sale of their property as an instalment sale?.

A. Andrew. He sold a backhoe to Mr Patrick for $6000. Patrick made two payments,. one of $1500 on February 3 and one of $4500 on December 15 of the tax year. Andrew paid $5000 for the backhoe when it was new, it had been fully depreciated.

B. Grayson. She sold her entire inventory, valued at $10,000 to Marion for $15,000. Marion intends to pay her $6,750 per year for the next three years.

C. Jacob. He sold a plot of land for $44,000. He purchased the land for $29,500 and paid $15,000 to improve it. His buyer intends to pay for the land over five years.

D. Rose, She sold a rental condo for $130,000. She purchased it for $105,000 and had claimed $25,000 depreciation. Her buyer intends to pay her $26,000 per year plus 6% interest

over five years.