On December 15, 2018, Rigsby Sales Co. sold a tract of land that cost $3,400,000 for $5,000,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms called for a down payment of $460,000 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. At December 31, 2019, Rigsby would report in its balance sheet: Multiple Choice Realized gross profit of $460,000. Realized gross profit of $726,400. Cost of installment sales $1,543,600. Deferred gross profit of $726,400