Metlock's Agency sells an insurance policy offered by Capital Insurance Company for a commission of $87 on January 2, 2020. In addition, Metlock will receive an additional commission of $10 each year for as long as the policyholder does not cancel the policy. After selling the policy, Metlock does not have any remaining performance obligations. Based on Metlock's significant experience with these types of policies, it estimates that policyholders on average renew the policy for 4.5 years. It has no evidence to suggest that previous policyholder behavior will change. Determine the transaction price of the arrangement for Metlock, assuming 120 policies are sold. Transaction price $ e Textbook and Media Determine the revenue that Metlock will recognize in 2020. (Round answer to O decimal places, e.g. 5,125.) Revenue $