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John's likes has pricing options of: Bike Pack A: bike $1500 plus $80 membership per month for 1 year Bike: $2000 Membership: $100 per month

John's likes has pricing options of: Bike Pack A: bike $1500 plus $80 membership per month for 1 year Bike: $2000 Membership: $100 per month for 1 year Cost of inventory per bike is $1000 Cost of member ship per member per month $2 On November 1st 2021 John sold 1000 basic packages, paid with cash and delivered immediately.

How much would the balance of deferred revenue be?

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