Exercise 18A-2 Presented below are three revenue recognition situations. Grupo sells goods to MTh for $850,000, payment due at delivery. Grupo sells goods on account to Grifols for $680,000, payment due in 30 days. Grupo sells goods to Magnus for $425,000, payment due in two installments: the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $394,400. Indicate the transaction price for each of these transactions and when revenue will be recognized. (a) Grupo would recognize revenue of $ at (b) Grupo would recognize revenue of $ at (c) Grupo would recognize revenue of $ at