Crane sells goods to Sheridan for $550,000, payment due in two instalments: the first instalment payable in 18 months, and the second payment due 6 months later. The present value of the future payments is $440,000. 440000 at the point of sale Crane would recognize revenue of $ Interest revenue of $ method. will be earned over the next 2 years using the effective interest eTextbook and Media Save for Later Attempts: 2 of 3 used Submit