On December 12, Year 1, Jasper engines sold 100 engines to a Burnem Up for $300 each. The cost of each engine is $110. Jasper allows customers to return any unused engine within 3 months and receive a full refund. Jasper uses the expected value method to estimate the variable consideration. Based on the Jaspers experience and other relevant factors, it reasonably estimates that 5 machines (3 in Year 1 and 2 in Year 2) will be returned. What amount of revenue is recognized by the Jasper from the sale of these engines on December 12, Year 1.

• A.

  $29,100

• B.

  $28,500

• C.

  $29,400

• D.

  $30,000