Homework: Module 1: Accounting Methods and Nontaxable Exchan Score: 0 of 1 pt 6 of 15 (5 complete PI:11-48 (book/static) In December, Dan sells unisted stock with a cost of $14,000 for $20,000 Dan collects $5,000 down and is scheduled to receive $5 000 per year for three years plus interest Read the requirements Requirement a. How much gain must Dan recognize in the year of the sale? Assume Dan uses the instaliment method to report the gam Begin by calculating the gross profit percentage First identity the formula, then enter the applicable amounts and calculate the gross profit percentage Gross profit percent