At December 31, 2014, Grinkov Corporation had the following account balances.

Brief Exercise 18-14

At December 31, 2014, Grinkov Corporation had the following account balances.

Installment Accounts Receivable, 2013           $65,000

Installment Accounts Receivable, 2014           110,000

Deferred Gross Profit, 2013                23,400

Deferred Gross Profit, 2014                41,800

Most of Grinkov’s sales are made on a 2-year installment basis.

Indicate how these accounts would be reported in Grinkov’s December 31, 2014, balance sheet. The 2013 accounts are collectible in 2015, and the 2014 accounts are collectible in 2016.

Grinkov Corporation

Balance Sheet

December 31, 2014

Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity 

Deferred Gross Profit    Installment Accounts Receivable Due in 2014    Installment Accounts Receivable Due in 2015    Installment Accounts Receivable Due in 2016    $

 Deferred Gross Profit    Installment Accounts Receivable Due in 2014    Installment Accounts Receivable Due in 2015    Installment Accounts Receivable Due in 2016    $

Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity

Deferred Gross Profit    Installment Accounts Receivable Due in 2014    Installment Accounts Receivable Due in 2015    Installment Accounts Receivable Due in 2016    $