Magic World sells sport equipment. Customers pay one-third of the sales price of an equipment when they initially purchase the equipment, and then pay another one-third each year for the next two years. Because Magic has little information about the ability to collect these receivables, there is significant uncertainty in collectability, and Magic uses the IFRS method for significant uncertainty for revenue recognition. In 2012, Magic began operations and sold sport equipment with a total price of $900,000 that cost Magic $450,000. Magic collected $300,000 in 2012, $300,000 in 2013, and $300,000 in 2014 associated with those sales. In 2013, Magic sold sport equipment with a total price of $1,500,000 that cost Magic $900,000. Magic collected $500,000 in 2013, $400,000 in 2014, and $400,000 in 2015 associated with those sales. Magic did not sell any sport equipment in 2014 or 2015. How much would be the total cash collections on installment sales during 2013 ?