Brief Exercise $6-29($Algo$)$ Timing of revenue recognition; consignment $[$LO$6-7]$

Kerianne paints landscapes, and in late $2024$ placed four paintings with a retail price of $$320$ each in the Holmstrom Gallery.

Kerianne's arrangement with Holmstrom is that Holmstrom will earn a $25\%$ commission on paintings sold to gallery patrons. As of

December $31,2024,$ one painting had been sold by Holmstrom to gallery patrons.

How much revenue with respect to these four paintings should Kerianne recognize in $2024?$

Revenue