After 3 years, Ka Leony sold a painting (capital asset) which he purchased in 2018 at a cost of P3,000, on the following terms: June 1, 2021 downpayment 1,000 August 1, 2021 installment due 1,000 October 1, 2021 installment due 2,000 October 1, 2022 installment due 4,000 October 1, 2023 installment due 4,000 How much gain should he report as part of gross income?

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