calculate the amount of revenue to be recognised in 2021 for

accounting package

Rego's Software Developers sold its accounting package to a customer on September 10, 2021. In addition to the software, the contract requires the company to provide: (1) training to the customer's accounting staff during October of 2021 and again in January 2022 when the upgrade is released - 75% of the training hours are provided during October, (2) technical product support for one year starting October 1,2021 , and (3) a major upgrade to the software early in 2022 . The customer paid the total contract price of $80,000 upon receipt of the invoice on September 17 , 2021. Rego would charge the following if these individual contract elements were sold separately