A university buys and takes delivery of 50 iMac computers from a local Apple store. The invoiced price is $2,800 per unit and includes hardware, software essential to the functionality of the hardware, third-party software including Microsoft Office for Mac and Adobe Creative Suite, and two years of technical service and support. Apple uses vendor-specific objective evidence to determine unit prices of $2,500 and $300 for hardware and essential software, respectively. The third-party software typically retails for $500 (Apple purchases it at a 50% discount) and equivalent software and support contracts are $100 per year. The customer (the university) can choose to purchase subsequent essential software and OS upgrades.

How should Apple record gross revenue for the transaction at the time the university takes delivery of the computers? Include specific dollar amounts.