Western Appliance Company, which began business on January 1, 2018, appropriately uses the installment sales method of accounting. The following data are available for 2018: Installment sales Cash collections on installment sales Gross profit on sales on installmnt sales 3150,00 150,000 40% The gross profit on installment sales for 2018 should be: Realized Deferred a. 60,000 $80,000 b. 80,000 $60,000 . $140,80 d. $140,000 $8e,e0e $60,000