Home Depot sells a washer and dryer for $1,600 on April 1st. After successful completion of a credit check, the customer makes a down payment of $280 cash and agrees to pay an additional $110 per month for the next 12 months. The washer and dryer are delivered and installed on April 6th. Are the revenue recognition criteria met or not met? Why or why not?

Each response should be about one paragraph long, describing the justification for your decision.