On January $1,2024,$ Hodge Beanery received $$14,600$ from the Kennedy Company in exchange for a coffee roaster that it will deliver to Kennedy on December $31,2024.$ Assume that Hodge views the time value of money to be a significant component of this transaction and that a $8\%$ interest rate is applicable.

How much deferred revenue would Hodge recognize on January $1,2024?$

Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Deferred revenue