On April 7, 2016, the Toy Corporation sold inventory to the Penny Corporation for $600.000 terms of the sale called for a down payment of S120,000 and found atatiment af $120,000 due cach April 1, beginning April 7.2017. Each installment will also include interest on the unpaid balance applying an appropriate sterese The investory cost Toy S180,000. The company es perpetual inventory Systen How much is the realized gross profit in 2017 applying the profit deferral method (con recovery method)? On April 7, 2016, the Toy Corporation sold inventory to the Penny Corporation for $600.000 terms of the sale called for a down payment of S120,000 and found atatiment af $120,000 due cach April 1, beginning April 7.2017. Each installment will also include interest on the unpaid balance applying an appropriate sterese The investory cost Toy S180,000. The company es perpetual inventory Systen How much is the realized gross profit in 2017 applying the profit deferral method (con recovery method)