Ivanhoe Windows manufactures and sells custom storm windows for porches. Ivanhoe also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be performed by other vendors. Ivanhoe enters into the following non-cancellable contract on July 1, 2023, with a local homeowrier. The customer purchases windows for a price of $2,450 and chooses Ivanhoe to do the installation. Ivanhoe charges the same price for the wirndows regardless of whether it does the installation or not. The price of the installation service is estimated to have a fair value of $583. The customer pars Ivanhoe $2,067 (which equals the fair value of the windows, which have a cost of $1.200 ) on delivery and the remaining balance cn installation of the windows. The windows are delivered on September 1, 2023, Ivanhoe completes installation on October 15, 2022 and the customer pays the balance due. Using the five-step process for revenue recognition, determine when and how much revenue would be recognized by Ivanhoe. Assume IVanhoe follows IFRS, (Round percentage allocations to 2 decimal ploces, 15.25% and final answers to 0 decimal places, es, 5,275.)