The Bass Co. on September 30,20x1 sold for 48,000 a piano costing 30,000. The downpaymentwas 4,800 and an equal amount was paid at the end of each succeeding month. Monthly interest of 1% yield rate was to be charged on the unpaid balance of the installment contract, with payment applying first to accrued interest and the balance to principal. After paying a total of 19,200, the customer defaulted and the piano was correspondingly repossessed on February 28, 20x2, at which time was estimated to have a value of 16,800 on a depreciated cost basis. Bass Co. uses a perpetual inventory system and records the total deferred gross profit at the time of sale. How much was the realized gross profit at the end of20x1