Haynes Corporation holds machinery in its warehouse that has a selling price of $110,000. The machinery cost Haynes $60,000. On November 30, 2020, Haynes sold the machinery to Simons Co. under a bill-and-hold arrangement. Haynes is still holding the machinery in its warehouse at the end of 2020. If Haynes meets the four conditions of transferring control to the buyer necessary under a bill-and-hold arrangement, how much revenue should Haynes recognize for for this transaction in 20207