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Complete the following table. 2007 2008 2009 Installment sales $50,000 $80,000 $(7) Cost of installment sales (1) (5) 91,800 Gross profit (2) (6) 28,200 Gross

Complete the following table. 2007 2008 2009 Installment sales $50,000 $80,000 $(7) Cost of installment sales (1) (5) 91,800 Gross profit (2) (6) 28,200 Gross profit percentage (3) 25% (8) Cash collections 2007 sales (4) 25,000 10,000 2008 sales 20,000 50,000 2009 sales 45,000 Realized gross profit on installment sales 1100 10,500 (9)

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