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On July 15, 2021, Ortiz & Co. signed a contract to provide EverFresh Bakery with an Ingredient-weighing system for a price of $90,000. The system

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On July 15, 2021, Ortiz & Co. signed a contract to provide EverFresh Bakery with an Ingredient-weighing system for a price of $90,000. The system included finely tuned scales that fit into Everfrest'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. (Ortiz competes with other vendors who offer ongoing calibration contracts for Ortir's systems.) Ortiz was to provide these goods or services separately, it would charge $60,000 for the scales, $10,000 for the software, and $30,000 for the calibration contract. Ortiz delivered and installed the equipment and software on August 1, 2021, and the calibration service commenced on that date Assume that the scales, software and cutbration service are all separate performance obligations. How much revenue will Onlis recognize in 2021 for this contract? Multiple Choice 50 563000 57050 300.000

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