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19. Sound Co. uses the "cost recovery method." The records of Sound Co. show the following information on a sale made on December 31,201 : The 10% note payable is due in nine annual installments of P600,000 beginning December 31 , 20x2. The December 31, 20x2 installment was paid as scheduled, together with the interest of P540,000. What amount of income should Sound Co. recognize in 202 from the sale and the financing? a. 540,000 b. 1,440,000 c. 1,960,000 d. 0 20. Cold Breeze Co. uses the "cost recovery method." Relevant information follows: How much is the gross profit recognized by Cold Breeze in 202 ? a. 4,000 b. 6,000 c. 10,000 d. 0