A company performs services for a customer in exchange for a noninterest-bearing note. The customer agrees to make a payment of $100,000 in three years. Using a 5% interest rate, the implied annual interest is $100,000 0.05 = $5,000, and the present value of the note is $100,000 0.86384 = $86,384. Which amount must this company record as service revenue from this transaction in accordance with generally accepted accounting principles (GAAP)?