Dolce Co., which began operations on January 1, 2010, appropriately uses the installment method of accounting to record revenues. The following information is available for the years ended December 31, 2010 and 2011:

2010 2011 Sales $1,000,000 $2,000,000 Gross profit realized on sales made in:

2010 150,000 90,000 2011 -- 200,000 Gross profit percentages 30% 40%

What amount of installment accounts receivable should Dolce report in its December 31, 2011 balance sheet?

a. $1,225,000

b. $1,300,000

c. $1,700,000

d. $1,775,000