Exercise $3-14$ Allocation of transaction price and revenue recognition $($LO$3-3,$ LO$3-4)$

On November $1,20$X$1,$ Gerakos Corporation sold software and a six$-$month technical support contract to a customer for $$80,000.$ Gerakos sells technical support for $$30,000.$ It does not sell the software separately. Gerakos uses the residual method to allocate the transaction price.

Required:

What amount of revenue does Gerakos recognize in $20$X$1$ and in $20$X$2?$