On December 15, 2018, Rigsby Sales Co. sold a tract of land that cost $4,000,000 for $5,000,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms called for a down payment of $450,000 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 2018, Rigsby would recognize realized gross profit of. Multiple Cholce $450,000 SO. $1,000,000. $90,000