On December 31, 2011, B Corp. sold a machine to Royal and simultaneously leased it back for one year. Pertinent information at this date follows:

Sales price	$720,000
Carrying amount	660,000
Present value of lease rentals	68,200

($6,000 for 12 months at 12%

Estimated remaining useful life 12 years

In B's December 31, 2011, balance sheet, the deferred revenue from the sale of this machine should be

A. $68,200.

B. $0.

C. $60,000.

D. $8,200.