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On July 15, 2024. Ortiz \& Company signed a contract to provide EverFresh Bakery with an ingredient-weighing system for a price of 599,600 . The system included finely tuned scales that fit into EverFresh's automated assembly line. Ortiz's proprietary software modified to allow the weighing system to function in Everfresh's automated system, and a one-year contract to calibrate the equipment and software on an as-needed basis. If Ortiz was to provide these goods or services separately, it would charge $68,000 for the scales, $10,000 for the software, and $22,000 for the calibration contract. Ortiz delivered and installed the equipment and software on August 1, 2024, and the calibration service commenced on that date. Assume that the scales, soffware and calibration service are viewed as one performence obligation. How much revenue will Ortiz recognize in 2024 for this contract? Note: Do not round intermediate calculations. Round final answer to whole dollars. Muitipie Choice 80 577688 On July 15,2024, Ortiz \& Company signed a contract to provide EverFresh Bakery with an ingredient-weighing system for a price of $99,600. The system included finely tuned scales that fit into EverFresh's automated assembly line, Ortiz's proprietary software modified to allow the weighing system to function in EverFresh's automated system, and a one-year contract to calibrate the equipment and sofware on an as-needed basis. If Ortiz was to provide these goods or services separately, it would charge $68,000 for the scales, $10,000 for the software, and $22,000 for the callbration contract. Ortiz defivered and installed the equipment and software on August 1, 2024, and the calibration service commenced on that date: Assume that the scales, software and calibration service are viewed as one performance obligation. How much revenue will Ortiz recognize in 2024 for this contract? Note: Do not round intermediate calculations. Round final answer to whole dollars. Mutiple Choice 50 577688 $41500 son600