Reliable Enterprises sells distressed merchandise on extended credit terms. Collections on these sales are not reasonably assured, and bad debt losses cannot be reasonably predicted. It is unlikely that repossessed merchandise is in condition to be re-sold. Therefore, Reliable uses the cost recovery method. Merchandise costing $31,750 and $23,300 in 2019. was sold for $57,500 in 2017. Collections on this sale were $19,700 in 2017, $14,500 in 2018, In its 2017 year-end balance sheet, Reliable would report installment receivables (net) of Multiple Choice $28,192. $19,700. $12,050. S37800