In 2012, Concord Inc. sells inventory with a cost of $32,000 for $50,000. Concord will receive payments of $14,000 in 2012, $26,000 in 2013, and $10,000 in 2014. If the cost-recovery method applies to this transaction, what would be the journal entry to recognize gross profit at the end of 2013? 
Definitions:
Psychiatric Disorder
A mental disorder characterized by significant disturbances in an individual's behavior, thinking, or emotions, often requiring medical diagnosis and treatment.
National Survey
A comprehensive examination or research conducted to collect data on a specific topic or topics from a sample representative of a nation's population.
Adult Americans
Individuals over the age of 18 living in the United States of America.
DSM-5
The Diagnostic and Statistical Manual of Mental Disorders, 5th Edition, a handbook used by healthcare professionals as the authoritative guide to diagnosing mental disorders.
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