1. Determine the realized gross profit for 2007, 2008 , 2009.

2. Journalize the entries for 2007, 2008, and 2009

\begin{tabular}{lrrr|} & \multicolumn{1}{c}{2007} & 2008 & \multicolumn{2}{c}{2009} \\ \hline Installment Sales & 820.000 .000 & 950.000 .000 & 1.100 .000 .000 \\ Cost of Installment Sales & 574.000 .000 & 646.000 .000 & 715.000 .000 \\ & 70% & 68% & 65% \\ Cash received from 2007 sales & 300.000 .000 & 400.000 .000 & 120.000 .000 \\ Cash received from 2008 sales & & 350.000 .000 & 450.000 .000 \\ Cash received from 2009 sales & & & 420.000 .000 \end{tabular}