Merritt Equipment Company sells parts to Kane Repair during 2020. Merritt offers discount of 5% if the customers purchases for the year exceed $100,000. In the past, Kane normally purchases $200,000 in parts during a calendar year. On April 30, 2020, Kane Repair purchased $80,000 of parts. What amount of revenue should Merritt record in connection with the April 30, 2020 sale?

a.

$80,000

b.

$190,000

c.

$76,000

d.

$100,000