Cantor Company sold $ 400,000 to customers on account during 2018, and collected $ 200,000 during the year. The company properly uses the installment sales method of revenue recognition due to the uncertainty of collection of these installment receivables. The company determined that cost of sales for the$400,000 of sales was $ 340,000. What is the correct balance of the company's Deferred Gross Profit account at the end of 2018, after the recognition of revenue for that year? Hint - calculate gross profit %.