In 01/01/2010 Irbid Machinery sold equipment for JD 850,000 to Jamal Retails. Jamal paid 150,000 in cash, and the remaining balance on fourteen semi- annual installments paid on 306 and 31/12 of each year. If the annual interest on the uncollected amounits is 12% and the cost of sale is JD 350,000. Calculate the following Total revenue to be recognized (profit) from the sale excluding interest A 500,000 B 350,000 CS50,000 D 102.000 Total collections for 2010 A 150,000 B. 250.000 C 50.000 D 100,000 Total uncollected amount by the end of 2011 A750,000 8. 50.000 C 300,000 0 250.000 Total Interest revenue received in 2010 A 39,000 B. 42.000 C. 84.000 D 81,000 Total revenue to be recognized in 2012 based on collected installments (round to nearest JD): A 58,824 B 29,412 C 100,000 D 50,000 Total revenue to be recognized in 2012 based on collected installments after covering all costs (round to nearest JD): A Zero B. 100,000 C450,000 D: 50.000 Total uncovered cost by the end of 2010: A 200,000 B Zero C 100,000 Which of the following methods provides the smallest total revenue in instalment sales: A Recognizing revenues based on collected instalments. B Recognizing revenues based on collected instalments after covering all costs. C. Recognizing revenues in full on the day of the last instalment. D. They all recognize same total revenue if all instalments are paid