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Exercise 6-06 Presented below are four revenue recognition situations. Indicate the transaction price for each of these transactions and when revenue will be recognized. Windsor sells goods to MTN for $890,000, payment due at delivery. Windsor would recognize revenue of $ at LINK TO TEXT Windsor sells goods on account to Wildhorse for $850,000, payment due in 30 days. The terms are f.o.b. destination. Windsor would recognize revenue of $ LINK TO TEXT Windsor sells goods to Swifty for $540,000, 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. Windsor would recognize revenue of $ revenue of $ will be earned over the next years using the effective interest method. Windsor sells merchandise with a retail price of $40,000 in exchange for common shares of its customer. The customer is a private company and issuance of common shares is rare. Windsor would record the sales revenue of $ at LINK TO TEXT