Question: During 2 0 2 1 , Jack Harris sells a capital asset with an adjusted cost base of $ 8 7 , 2 0 0

During 2021, Jack Harris sells a capital asset with an adjusted cost base of $87,200 for proceeds of $105,300. He receives a down payment of $5,300 in 2021, a second payment of $50,000 in 2022, and a final payment of $50,000 in 2023. What is the minimum amount that Jack will have to include in Net Income for Tax Purposes in 2021,2022, and 2023 as a result of this sale?

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