Daniel White signs a $1-$year contract with Blossom Video. The terms of the contract are that Daniel is required to pay a nonrefundable

initiation fee of $$88.$ No annual membership fee is charged in the first year. After the first year, membership can be renewed by paying

an annual membership fee of $$5$ per month. Blossom determines that its customers, on average, renew their annual membership three

times after the first year before terminating their membership. What amount of revenue should Blossom recognize in its first year?

Revenue in first year $