Paradise Beverages sold 200 cartons of beer on account at $50 per carton on 15th January 2021 and the cost of one carton of beer is $40. The company policy is that customers may receive a full refund for any unused products returned within 15 days of sale. Paradise Beverages estimates a return of 8 cartons of beer during January. The cost of recovering the products will be immaterial and returned products can be resold at a profit.

What is the amount of revenue recognized by Paradise Beverages for January 2021?

a.

10400

b.

9600

c.

7680

d.

8320