On January 1, 2015, Dolan Corp. sold goods to Gore, Co. Gore Co. signed a zero-interest-bearing note requiring payment of $250,000 annually for 7 years. The first payment was made on January 1, 2015. The prevailing rate of interest for this type of note at date of issuance was 10%. Information on present value factors is as follows:

Present Value Present Value of Ordinary Period of 1 at 10% Annuity of 1 at 10% 6 .5645 4.3553 7 .5132 4.8684

olan should record sales revenue in January 2015 of

Select one:

A. $1,088,825.

B. $1,197,708

C. $1,217,100

D. $1,338,810