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Stardust Furniture Store sells low end furniture and uses the installment method for revenue recognition. Its year - end is December 3 1 . It

Stardust Furniture Store sells low end furniture and uses the installment method for revenue recognition. Its year-end is December 31. It shows the following data for January:
Sales of $9,180 with a 50% markup.
Sales terms: No down payment in January, no interest and 6 easy monthly payments starting in February.
Required 1: Assuming no other transaction happened, what revenue is recognized in January? $
Required 2: Assuming no other transaction happened, what revenue is recognized in February? $
Required 3: Assuming no other transaction happened, what cost of goods sold is recognized in March? $
Required 4: Assuming no other transaction happened, what is the Gross Margin of April? $

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