Appliance Worldwide enters into a contract to sell a refrigerator and oven for $3,500. Appliance Worldwide regularly sells the refrigerator for $2,500 and the oven for $1,300. The oven is available and ships immediately to the customer prior to year-end; however, the refrigerator is still in production and will not be shipped until March of CY+1. What is the appropriate amount of revenue Appliance Worldwide should recognize during 20CY for the order?

a. $0

b. $1,197

c. $2,303

d. $2,500