On July $15,2024,$ Ortiz & Company signed a contract to provide Everfresh Bakery with an ingredient$-$weighing system for a price of $$87,600.$ The system included finely tuned scales that fit into EverFresh's automated assembly line, Ortiz's proprietary software modified to allow the weighing system to function in EverFresh's automated system, and a one$-$year contract to calibrate the equipment and software on an as$-$needed basis. If Ortiz was to provide these goods or services separately, it would charge $$58,000$ for the scales, $$10,000$ for the software, and $$32,000$ for the calibration contract. Ortiz delivered and installed the equipment and software on August $1,2024,$ and the calibration service commenced on that date.

Assume that the scales, software and calibration service are viewed as one performance obligation. How much revenue will Ortiz recognize in $2024$ for this contract?

Note: Do not round intermediate calculations, Round final answer to whole dollars.

Multiple Choice

$$36,500$

$o

$$87,600$

$$59,568$