Swift Corp., a capital goods manufacturing business that started on January 4, 2012, and operates on a calendar-year basis, uses the installment-sales method of profit recognition in accounting for all its sales. The following data were taken from the 2012 and 2013 records. 2012 2013 Installment sales $561,000 $611,000 Gross profit as a percent of costs 24% 29% Cash collections on sales of 2012 $139,000 $153,000 Cash collections on sales of 2013