On January 1, 2019 equipment was sold for 500,000 the equipment cost 300,000 contract requires maintenance and repair services for 5 years. Cost to provide services is 10,000 a year quenneville sells 5 year maintenance and repair contract separately for 90,000 quenneville uses residual approach to allocate the 500,000 transaction price between delivery of equipment and maintenance and repair services. Total revenue recognized? Earnings before taxes?