Additional Instructions: Round all percentages to four decimal places. For example, 0.12345 should be rounded to 12.35%. Round all dollar amounts to two decimal places. 1. On July 15, 2018, Ortiz & Co. signed a contract to provide EverFresh Bakery with an ingredient- weighing system for a price of $98,000. The system included finely tuned scales that fit into EverFresh's automated assembly line and Ortiz's proprietary software modified to allow the weighing system to function in EverFresh's automated system. Ortiz's scales (software) function independently and can be used with other manufacturers' software (scales). If Ortiz was to provide these goods or services separately, it would charge $90,000 for the scales and $10,000 for the software. Ortiz delivered and installed the scales and software on August 1, 2018. Ortiz received $98,000 from EverFresh on August 1, 2018. How much revenue does Ortiz recognize on August 1, 2018? (1.5 points)