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13. 5-SIX, Inc. started operation at the beginning of 2020, selling home appliances exclusively on the installment sales basis. Data for 2020 and 2021 follows:

13. 5-SIX, Inc. started operation at the beginning of 2020, selling home appliances exclusively on the installment sales basis. Data for 2020 and 2021 follows:

20202021

Installment salesP600,000P750,000

Cost of installment sales420,000450,000

2020 inst. Accounts, end285,00022,500

2021 inst. Accounts, end-300,000

A. REALIZED GROSS PROFIT FOR 2020

B. REALIZED GROSS PROFIT FOR 2021

C. DEFERRED GROSS PROFIT AS OF DECEMBER 31, 2020

D. DEFERRED GROSS PROFIT AS OF DECEMBER 31, 2021

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