On January 1, 20x8, Liberty Computing Inc. (LCI) sold a computer software system to its client. LCI accepted a $60,000,0% Interest, note receivable from its client in full payment for the computer system. The note is repayable at $20,000 per year for three years, first payable on January 1, 20X9. The market rate of interest for transactions of this nature is 6.0% per annum. The cost of the computer system in LCI's inventory was $44,000, LC's year-end is December 31. It prepares monthly financial statements in accordance with IFRS and employs a perpetual inventory system. PUT YOUR ANSWER IN THE BOX FOLLOWING THE QUESTION *DO NOT INCLUDE A S SIGN IN YOUR ANSWER ROUND YOUR ANSWER TO THE NEAREST WHOLE DOLLAR What in the amount of revenue that will be recognized on the sale of the computer software system on January 1, 20X97 $