Charlotte Richards (CR) shipped 100 desks to Universal Desks (UD) on consignment on September 1. CR's cost for the desks is $600 each and they are sold to UD for $800. UD then retails them for $1.200 each. By the end of September, Universal Desks reported that they had sold 50 of these desks, and remitted the appropriate amount to CR. How much revenue should be recorded by CR in connection with this transaction? O a. $ 30,000 O b. $ 40,000 c. $ 48,000 O d. $ 60,000