Question: Eden Co. uses the installment method. Information on Edens transactions during 20x1 and 20x2 is shown below: 20x1. 20x2 Installment sales 2,000,000. 2,400,000 Cost of

Eden Co. uses the installment method. Information on Edens transactions during 20x1 and 20x2 is shown below: 20x1. 20x2 Installment sales 2,000,000. 2,400,000 Cost of sales. 1,200,000. 1,320,000 Gross profit. 800,000. 1,080,000 Cash collections from: 20x1 sales. 800,000. 400,000 20x2 sales. 960,000

How much is the total realized gross profit in 20x2?

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