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On April 1 , 2 0 X 1 , Evita Inc. received $ 1 0 0 , 0 0 0 cash and $ 1 4

On April 1,20X1, Evita Inc. received $100,000 cash and $140,000,5%,1-year note for a sale of 1,000 mobile phones along with a license to antivirus software in each phone ($240,000 lump-sum price). A standalone selling price of a mobile phone and an antivirus-software license is $225 and $25, respectively. The license is good for one year and the antivirus software requires a monthly update to be effective. Interest on the note will be paid on its maturity date. Determine total revenue in 20X1 of this transaction given that December 31 is Evita's year end.

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