Dine Company sells appliances on the installment basis.

Below are information for

the past three years:

2016 2015 2014

Installment sales 750,000 600,00 400,000

Cost of sales 450,000 370,000 250,000

Collections on:

2016 installment sales 270,000

2015 installment sales 100,000 240,000

2014 installment sales 120,000 120,000 150,000

Repossessions are defaulted accounts included one made on a 2016 sale for
which the unpaid balance amounted to 5,000. The depreciated value of the
appliances repossessed was 2,500.

The realized gross profit in 2016 on collections of 2016 installment sales was: