Revenue A Ivanhoe Company sells goods to Shamrock Company during 2020. It offers Shamrock the following rebates based on total sales to Shamrock. If total sales to Shamrock are 9,500 units, it will grant a rebate of 2%. If it sells up to 20,500 units, it will grant a rebate of 5%. If it sells up to 27,400 units, it will grant a rebate of 6%. In the first quarter of the year, Ivanhoe sells 11,300 units to Shamrock at a sales price of $113,000. Ivanhoe, based on past experience, has sold over 42,700 units to Shamrock, and these sales normally take place in the third quarter of the year. What amount of revenue should Ivanhoe report for the sale of the 11,300 units in the first quarter of the year.