Reggae Ltd. is a public company specialized engine manufacturing. On January 1, 2020, Reggae Ltd. sold an engine that cost $ 180,000, receiving a note bearing interest at 10 percent. The note will be paid in three annual instalments of $ 96,507.55 starting December 31, 2020. Assuming that collection of the note is very certain, how much revenue from this sale should Reggae recognize in 2020? (Do not round at intermediate steps. Please round the final amount of revenues to the nearest dollar)

Question 25 options:

	$ 289,523
	$ 180,000
	$ 240,000
	$ 96,508
	none of the above.