VAN On April 7. 2016, the Toy Corporation sold inventory to the Penny Corporation for $600,000, terms of the sale called for a down payment of $150,000 and three an installment of $150.000 de each April 1, beginning April 7, 2017 Each installment will also include interest on the paid balance applying an appropriate interest rate. The inventory cost Toy $180,000. The company uses a perpetual inventory system How much is the realized gross profit in 2017 applying the profit deferral method (cost recovery method)