please helpGary Smith signs a $1-$year contract with Cullumber Video. The terms of the contract are that Gary

is required to pay a nonrefundable initiation fee of $$108.$ No annual membership fee is charged in

the first year. After the first year, membership can be renewed by paying an annual membership fee

of $$6$ per month. Cullumber determines that its customers, on average, renew their annual

membership three times after the first year before terminating their membership. What amount of

revenue should Cullumber recognize in its first year?

Revenue in first year