Paton Construction, Inc. has consistently used the installment sales method of recognizing income. Last year Paton started work on a $4,500,000 construction contract, which was completed this year. The accounting records the following data for last year: Paton Construction, Inc. has consistently used the installment sales method of recognizing income. Last year Paton started work on a $4,500,000 construction contract, which was completed this year. The accounting records the following data for last year