A company that usually sells satellite TV equipment for $$88$ and two years of satellite TV service for $$792$ has a special, time$-$limited offer in which it sells the equipment for $$490$ and gives the two years of satellite service for $$free$.$

If the company sells one of these packages on July $1,$ how much revenue should the company recognize on July $1$ when it delivers the equipment and receives the full price in cash? $($Do not round intermediate calculations.$)$