Question 4 1 pts On January 1st, Desert Company sold merchandise to Beach Company for an agreed upon purchase price of $85,785. Beach gave Desert $10,160 cash at the time and financed the remainder with a 3-year, 6% note payable. The implied rate of interest on similar notes is 6%. Interest will be paid annually each December 31st. Principal will be repaid at maturity. What is the amount of revenue Desert should record on January 1st? PV$1(6%, 3) 0.83962 PVOA(6%, 3) 2.67301 PVAD(6%, 3) 2.83339 Round your answer to the nearest $1