Question: Tiny Nurseries Ltd . purchased land 1 0 years ago for $ 2 0 0 , 0 0 0 which it sold on July 3

Tiny Nurseries Ltd. purchased land 10 years ago for $200,000 which it sold on July 3,2024, for $250,000. The terms of the sale included $60,000 to be received this year (2024), with eight equal installments to follow beginning next year (2025). The company's year-end is December 31. The minimum taxal capital gain to be reported in 2025 is
Multiple Choice
$5,333.
$8,000.
$19,000.
$25,000.
Tiny Nurseries Ltd . purchased land 1 0 years ago

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