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Ivanhoe Company purchased 16 calculators for $20 each, one-half on May 14, and the other half on May 22, all on account. Ivanhoe sold 14

Ivanhoe Company purchased 16 calculators for $20 each, one-half on May 14, and the other half on May 22, all on account. Ivanhoe sold 14 of the calculators on May 25 for $30 each. It received payment for 6 of them on May 30 and payment for the other 8 on June 4. Ivanhoe paid the supplier for 5 of the calculators on May 21. How much revenue should Ivanhoe recognize during May? $180 $224 $420 $210

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