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49er Company sells a piece of equipment to a customer on June 30, 2020. The sale requires a payment of $47.000 on December 31, 2021.

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49er Company sells a piece of equipment to a customer on June 30, 2020. The sale requires a payment of $47.000 on December 31, 2021. The company determines that their internal discount rate (8%) is more reliable than the fair value of the equipment ($42.000). Calculate the amount of sales revenue 49er Company should record on June 302 Round your answer to the nearest dollar

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