Riverbed Company sells goods to Marin Company during 2020. It offers Marin the following rebates based on total sales to Marin. If total sales to Marin are 9,500 units, it will grant a rebate of 3%. If it sells up to 20,000 units, it will grant a rebate of 5%. If it sells up to 28,000 units, it will grant a rebate of 6%. In the first quarter of the year, Riverbed sells 11,700 units to Marin at a sales price of $105,300. Riverbed, based on past experience, has sold over 37,300 units to Marin, and these sales normally take place in the third quarter of the year. What amount of revenue should Riverbed report for the sale of the 11,700 units in the first quarter of the year.

Revenue

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