Goody Co., which began operations on January 1, year 1, appropriately uses the installment method of accounting to record revenues. The following information is available for the years ended December 31, year 1 and year 2:

Year 1 Year 2

Sales $1,000,000 $2,000,000

Gross Profit realized on sales made in:

Year 1 180,000 90,000

Year 2 200,000

Gross Profit Percentages 30% 40%

What amount of installment accounts receivable should Goody report in its December 31, year 2 balance sheet?