On July 1, 2021, Apache Company, a real estate developer, sold a parcel of land to a construction company for $3,230,000. The book value of the land on Apache's books was $1,360,000. Terms of the sale required a down payment of $170,000 and 18 annual payments of $170,000 plus interest at an appropriate interest rate due on each July 1 beginning in 2022. How much revenue will Apache recognize for the sale ignoring interest), assuming that it recognizes revenue at the point in time at which it transfers the land to the construction company? (Leave no cells blank - be certain to enter "0" wherever required.) 2021 2022 Revenue On May 1, 2021, Varga Tech Services signed a $126,000 consulting contract with Shaffer Holdings. The contract requires Varga to provide computer technology support services whenever requested over the period from May 1, 2021. to April 30, 2022. with Shaffer paying the entire $126,000 on May 1, 2021. How much revenue should Varga recognize in 2021? (Do not round intermediate calculation.) Revenue Sarjit Systems sold software to a customer for $176,000. As part of the contract, Sarjit promises to provide "free" technical support over the next six months. Sarjit sells the same software without technical support for $153.000 and a stand-alone six-month technical support contract for $27.000, so these products would sell for $180.000 if sold separately. Prepare Sarjit's journal entry to record the sale of the software. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the sale of software for cash. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal