On July 1, 2021, Apache Corp, a real estate developer, sold a parcel of land to a construction company for $3 million, signing a deed to transfer ownership. The land cost Apache $1.2 million. Apache accepted a five-year promissory note from the buyer that requires ten semi-annual payment of $300,000 plus interest at 5%. 1. How much revenue will Apache recognize? 2. When will it recognize the revenue