pple Company has an arrangement with its customers that it will provides a 5% volume discount to its customers if they purchase at least $4 million of its product during the calendar year. On March 31,2020, Apple has made sales of$ 950,000 to King Saud University. In the previous two years, Apple sold over $7,500,000 to Artic in the period April 1 to Decmber-31.

How much revenue should Apple recognize for the first three months of 2020 if customers meet the discount threshold?