3. Since there is no reasonable basis for estimating the degree of collectability, Astor Co. uses the installment sales method of revenue recognition for the following sales: 2012 2011 $900,000 $600,000 200,000 50,000 30% Sales Collections from: 2011 sales 2012 sales 100,000 300,000 Accounts written off: 2011 sales 2012 sales 150,000 50,000 40% Gross profit percentage What amount should Astor report as deferred gross profit in its December 31, 2012, balance sheet for the 2011 and 2012 sales? (Please list the computation process) 4. The Station A Division of Sunshine Company is losing $150,000 per month. The Board of Directors decides to dispose of the Station A on June 30, 2013. The carrying value of the Station A net asset on June 30, 2013 is $3,000,000, and its fair value is appraised to $2,800,000 and disposal cost is estimated to S500,000. The Station A hasn't continued to sustain same loss until Dec 31 2014. In the meantime, the Station A Division has continued losing $200,000 per month since Jan 2014. After months of negotiations, the Station A division's net assets are sold on May 1, 2014 for S 1,500,000 (At that time, the carrying value of the Station A division net asset decreases by 10% on the beginning balance of Current Year). Addition Information: June 30 is Sunshine's Fiscal Year Ending Date. Income tax rate is 40%. How should the disposal of the Station A Division be reported on Sunshine 2014 financial statements? Please give the company's 2013 and computation process