Ayayais Agency sells an insurance policy offered by Capital Insurance Company for a commission of $82 on January 2, 2017. Ayayai will receive an additional commission of $9 each year for as long as the policyholder does not cancel the policy. After selling the policy, Ayayai does not have any remaining performance obligations. Based on Ayayais significant experience with these types of policies, it estimates that policyholders on average renew the policy for 4.5 years after the first year before terminating their insurance policy. It has no evidence to suggest that previous policyholder behavior will change.

Determine the revenue that Ayayai will recognize in 2017.