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Jaruary 1 . 2 0 2 0 , Oll Ca sold goods to Flynn Company, Flynn signed a zero iterest bearing note requiring payment of

Jaruary 1.2020, Oll Ca sold goods to Flynn Company, Flynn signed a zero iterest bearing note requiring payment of $200.000 annually for seven years. The first payinent was made on January 1.2020. The prevailing tate of interest fer this type of note at date of issuance was 10%, Information on present value factors is as foilows:Present ValuePresent Value of Ordinary.Period0F1 al.10%Annuity of 1 at 10%56454.355351324.8684Ott should record sales revenue in January 2020 of: $871,060. $1.071,048. $973,680. $714,000.

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