Mosaic Ltd develops and sells a new product called PRO, a cloud-based service that allows networking of similar interests. The retail price of a standard package of PRO is $1,199. To promote this new product, each purchase will include a free upgrade that contains a special feature of the service, for a period of 12 months after the date of purchase. This special feature can be purchased separately for $299. Ignoring any tax effect, at the date of purchase of the software package by a customer, Mosic Ltd should record a revenue of _________ (rounded to the nearest dollar) for each package of PRO sold. a. $240 b. $959 c. $1,199 d. $299.