On December 15, 2018, Rigsby Sales Co. sold a tract of land that cost $3,700,000 for $5.000,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms called for a down payment of $400,000 with the balance in two equal annual installments payable on December 15, 2019, and December 15, 2020. Ignore interest charges. Rigsby has a December 31 year-end. In its December 31, 2018, balance sheet, Rigsby would report: Realized gross profit of $104,00. Deferred gross profit of $104,000. Installment receivables (net) of $4,600,000. Installment receivables (net) of $3,404,00o