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On December 15.2021. gsby Sales Co. sold atract of land the cost $300,000 for $5.000.000 Rigst apply uses the installment sales method of accounting for

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On December 15.2021. gsby Sales Co. sold atract of land the cost $300,000 for $5.000.000 Rigst apply uses the installment sales method of accounting for the transaction en called for payment of $490.000 with the balance in two equal annual installments payable on December 15, 2022 and December 15, 2023 ore interest charges Rigsby has a December 31 year end in 2022. Rigsby would recognize realized gross profit of $0 ST6700 O 5566700 O $16.700

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