In December 2020, Carl Corporation sold land it held as an investment. The corporation received $50,000 in 2020 and a note payable (with adequate interest) for $150,000 to be paid in 2022. Carl Corporation’s cost of the land was $80,000. The corporation has a $90,000 net capital loss carryover that will expire in 2020. Should Carl report the sale in 2020 or use the installment method to report the income as payments are received?