Ball Data Corporation provides stock market data to investors. On January 1, 2019, it sells a customer access to its real-time database for two years at a price of $600,000. The customer has the right to access Ball's database any time, 24 hours per day, to obtain real-time data about stock prices around the world. On the same date, Ball sells to another customer for $150,000 access to 20 years of historical data for the next two years. The customer has the right to access the data, containing historical information for 1999-2018, 24 hours per day and is also free to download the data and retain it after the two-year access to Ball's system has expired.
Required:
How much revenue should Ball record in 2019 on each of the contracts?