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The following table pertains to Jacob, Inc. which uses the cost recovery method for all installment sales 2013 ??? 2011 P92,000 ??? 36% 2012 P103.000

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The following table pertains to Jacob, Inc. which uses the cost recovery method for all installment sales 2013 ??? 2011 P92,000 ??? 36% 2012 P103.000 62.830 ??? 74,750 35% Installment sales Cost of Installment sales Gross profit percentage Cash collections 2011 sales 2012 sales 2013 sales Realized gross profit on isntallment sales 27,200 12.200 48,300 36,600 ??? ??? 43,450 19.250 ??? Compute for the cash collections of 2012 sales during the year 2013

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