On January 2, 2017, Sage Hill Inc. sells goods to Oriole Company in exchange for a zero-interest-bearing note with a face value of $7,260, with payment due in 12 months. The fair value of the goods at the date of sale is $6,600 (cost $6,500). Assume that the company chooses to reflect the interest component. Prepare the journal entry to record this transaction on January 2, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation January 2, 2017 (To record sale) January 2, 2017 (To record cost of goods sold) How much total revenue should be recognized in 2017? Revenue Recognized in 2017