Installmentsales Method And Costrecovery Method On January 1 2010 Wetzel Compan

(Installment-Sales Method and Cost-Recovery Method) On January 1, 2010, Wetzel Company sold property for $200,000. The note will be collected as follows: $100,600 in 2010, $63,500 in 2011, and $35,900 in 2012. The property had cost Wetzel $150,000 when it was purchased in 2008. (If answer is zero, please enter 0, do not leave any fields blank.) (a)

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