• Dalol Company, which began operations on January 2, Year 4, appropriately uses the installment method of accounting. The following information is available for the year ended December 31, Year 4.

Gross profit on sales……………………………….……….40%

Deferred gross profit, Dec. 31, Year 4………………….Br. 240,000

Cash collected, including down payments…………………450,000

What is the total amount of Dalol’s installment sales for the year ended December 31, Year 4?

1. Br. 600,000                 C. Br. 850,000
2. Br. 690,000                 D. Br. 1,050,000         E. Some other amount