Muscle Mayhem offers a sales promotion where customers can purchase a one-year gym membership and receive...

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Muscle Mayhem offers a sales promotion where customers can purchase a one-year gym membership and receive a free gym t- shirt for $170. The company sells the t-shirt separately for $20. Customers can also purchase a one-year gym membership separately for $165. Customers receive the t-shirts at the time of sale. Suppose the company sells 40 of these promotions to customers on December 1. How much revenue can the company recognize on December 1? [Select] How much revenue can the company recognize on December 31 [Select] Muscle Mayhem offers a sales promotion where customers can purchase a one-year gym membership and receive a free gym t- shirt for $170. The company sells the t-shirt separately for $20. Customers can also purchase a one-year gym membership separately for $165. Customers receive the t-shirts at the time of sale. Suppose the company sells 40 of these promotions to customers on December 1. How much revenue can the company recognize on December 1? [Select] How much revenue can the company recognize on December 31 [Select]