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Cloudy Co. uses the installment sales method of accounting. Information on Cloudy's past operations follows: In 20x3, a customer defaulted. Accordingly, the merchandise with an estimated value of P15,000 was repossessed. The sale was made in 20x1 and the unpaid balance on the date of repossession was P22,500. 15. How much was the total realized gross profit in 203 ? a. 98,400 b. 79,500 c. 89,400 d. 94,500