Kieso, Intermediate Accounting, 16e I and II (ACC1101- ns Presented below are three revenue recognition situations (a) Groupo sells goods to MTN for $920,000, payment due at delivery (b) Groupo sells goods on account to Grifols for $809,000, payment due in 30 days. (e) Groupo sells goods to Magnus for $522,000, payment due in two instalments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $484,700. Price Revenue will be recognized