On September 1, 20X5, SST Ltd. sold a new all-in-one printer to Millennium Co. for a totalcontract price of $5,300. The printer has a market value of $3,400. As part of the contract, SSTalways provides on-site installation and training when a customer purchases a printer;customers would not be able to obtain the installation service from other suppliers. SSTestimates that the fair value of the installation service is $200. The contract payment alsoincludes a three-year maintenance service agreement. SST can sell the maintenance serviceseparately for $1,800. The printer was delivered and installed on September 15, 20X5.As part of the agreement, SST agrees to the following payment terms from Millennium: September 1, 20X5 $4,100 September 1, 20X6 $600 September 1, 20X7 $600SST has determined that the credit risk rate associated with Millennium is 8%.1. Which of the following statements is true for SST when recording the transaction onSeptember 15, 20X5, on the income statement?a) Revenue increased by $3,255.b) Revenue increased by $3,400.c) Revenue increased by $3,447.d) Revenue increased by $3,600