Bad Boy sells furniture and uses the installment method for revenue recognition.

Its year$-$end is December $31.$

Sales of $$9050$ with a $40\%$ markup. $($January data$)$

Sales terms: No down payment in January, no interest and $6$ easy monthly payments starting in February.

This is all assuming no other transactions have occured

Part $1$: What revenue is recognized in January?

Part $2$: What revenue is recognized in February?

Part $3$: What cost of goods sold is recognized in March?

Part $4$: What is the Gross Margin of April?