help me answer nos. 13-14. thank youuu

Account receivabl 50 Repossession D ros fo itm Use the following information for the next two questions: The Bass Co., on September 30, 20x1, sold for P48,000 a piano costing P30,000. The down payment was P4,800 and an equal amount was to be paid at the end of each succeeding month. Monthly interest of 1% yield rate was to be charged on the unpaid balance of the installment contract, with payment applying first to 3 accrued interest and the balance to principal. After paying a total ba of P19,200, the customer defaulted and the piano was ront correspondingly repossessed on February 28, 20x2, at which time it was estimated to have a value of P16,800 on a depreciated cost 50 basis, Bass Co. uses a perpetual inventory system and records the total deferred gross profit at the time of sale. records 13. How much was the realized gross profit at the end of 20x1? a. 7,200 b. 7,039 (RPCPA) c. 6,764 d. 6,489 Scanned with CamScanner Chapter 10 Installment Sales Method 456 14. How much was the gain or loss on the repossession in 20x27 c. 2,124 gives a. 1,927 d. 1,678 mer b. 1,867 (RPCPA) The jour two questions