On January 1st, Desert Company sold merchandise to Beach Company for an agreed upon purchase price of $88,174. Beach gave Desert $14,287 cash at the time and financed the remainder with a 3-year, non-interest-bearing, note payable. The implied rate of interest on similar notes is 6%. Principal and interest will be paid at maturity. What is the amount of revenue Desert should record on January 1st?

PV$1(6%, 3)	0.83962
PVOA(6%, 3)	2.67301
PVAD(6%, 3)	2.83339

Round your answer to the nearest $1.