2. (TCO 5) On December 15, 2011, Rigsby Sales Co. sold a tract of land that cost $3,600,000 for $4,500,000. Rigsby appropriately uses the installment sale method of accounting for this transaction. Terms called for a down payment of $500,000 with the balance in two equal annual installments, payable on December 15, 2012 and December 15, 2013. Ignore interest charges. Rigsby has a December 31 year-end. In its December 31, 2011 balance sheet, Rigsby would report: (Points : 4) a realized gross profit of $100,000. a deferred gross profit of $100,000. an installment receivables (net) of $3,200,000. an installment receivables (net) of $4,000,000