2019	2020	2021
Installment sales	226000	248000	261000
Cost of installment sales	164980	176080	195750
Gross profit	61020	71920	6520
Rate of Gross Profit	0.27	0.29	0.25
Cash receipts
2019 sales	85000	96000	45000
2020 Sales		123000	87000
2021 sales			147000
Total cash collected in year	85000	219000	279000

Do the Cost Recovery Method of accounting for installment sales for 2019, 2020, 2021. Show the journal entry where we recognize GP, in each of the three years under the Cost Recovery Method.