Sawyer Furniture Company concluded its first year of operations in which it made sales of $920,000, all on installment. Collections during the year from down payments and installments totaled $302,000. Purchases for the year totaled $735,200; the cost of merchandise on hand at the end of the year was $82,000.

Using the installment-sales method, make summary entries to record the installment sales and cash collections.

Using the installment-sales method, make summary entry to record the cost of installment sales.

Using the installment-sales method, make summary entry to record unrealized gross profit.

Using the installment-sales method, make summary entry to record the realized gross profit.