January 01, 2020, Reggae sold land that cost 180,000 for 240,000, receiving a note bearing interest at 10%. The note will be paid in three annual instalments of 96,510 starting December 31, 2020. Assuming that collection of the note is very uncertain, how much revenue from this sale should Reggae recognize in 2020?

a) 96,510

b) 0

c) 24,000

d) 18,000