Gordeeva Corporation began selling goods on the installment basis on January 1, 2010. During 2010, Gordeeva had installment sales of $179,000; cash collections of $77,300; cost of installment sales of $121,720. Prepare the company's entries to record (1) installment sales, (2) cash collected, (3) cost of installment sales, (4) deferral of gross profit, and (5) gross profit recognized, using the installment-sales method