Which of the following statements regarding the installment sale of entire business is FALSE? The sales price and expense of sale of an entire business must be allocated because: 1--Real adn personal property can be reported on the installment method but inventory cannot. 2--Any deprecaiton recapture income from the sale of depreciable property cannot be reported on the installment method. 3--Assets sold at a loss cannot be reported using the installment method. 4--Intangible property cannot be reported using the installment method.