On December 15, 2018, Rigsby Sales Co.sold a tract of land that cost $3,500,000 for $5,000,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms called for a down payment of $420,000 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 Choice $ 0. $420,000. $126,000. $1,500,000