A company sells goods to a customer for 57,500. The contract stipulates that the customer will pay 7,500 when the goods are delivered (and the customer obtains control of them) and will then pay a further 10,000 annually for five years (at the end of years 1 - 5). However, the delivery takes place immediately.**Required: Assuming an effective interest rate of 12% per annum, calculate the amount of revenue that should be recognized at the delivery date.