Use the Following Information for Questions

Multiple Choice

Use the following information for questions:
A corporation sold a tract of land for $525,000 that had originally cost $350,000.The buyer will make three annual payments of: $250,000; $125,000; and $150,000.Ignore interest and use the instalment method.
-The unrecognized profit at the end of year two amounts to:

A) $0
B) $50,000
C) $91,667
D) $175,000