Assume Royal Palm Corp., an equipment distributor, sells a piece of machinery with a list price of 800,000 to Arch Inc. Arch Inc. will pay 850,000 in one year. Royal Palm Corp. normally sells this type of equipment for 85% of list price. How much should be recorded as sales revenue? Select one: O a. 850,000 O b. b. 680,000 0 c. 800,000 d. d. 765,000