Exercise 18-8 Buffalo's Agency sells an insurance policy offered by Capital Insurance Company for a commission of $92 on January 2, 2017. In addition, Buffalo will receive an additional commission of $10 each year for as long as the policyholder does not cancel the policy. After selling the policy, Buffalo does not have any remaining performance obligations. Based on Buffalo's significant experience with these types of policies, it estimates that policyholders on average renew the policy for 4.5 years. It has no evidence to suggest that previous policyholder behavior will change. Determine the transaction price of the arrangement for Buffalo, assuming 110 policies are sold. Transaction price$ Determine the revenue that Buffalo will recognize in 2017. (Round answer to 0 decimal places, e.g. 5,125.) Revenue $