round all precentages to four decimal places. 0.12345 should be 12.35%

round all dollar amounts to two decimal places.

thanks so much for your time.

1. On July 15, 2018, Ortiz & Co. signed a contract to provide EverFresh Bakery with an ingredient- weighing system for a price of $98,000. The system included finely tuned scales that fit into EverFresh's automated assembly line, Ortiz's proprietary software modified to allow the weighing system to function in EverFresh's automated system, and a one-year contract to calibrate the equipment and software on an as-needed basis. Ortiz's scales (software) function independently and can be used with other manufacturers' software (scales). In addition, Ortiz competes with other vendors who offer ongoing calibration contracts for Ortiz's systems-i.e., other vendors are able to perform calibration on Ortir's products. If Ortiz was to provide these goods or services separately, it would charge $75,000 for the scales, $15,000 for the software, and $10,000 for the calibration contract. Ortiz delivered and installed the equipment and software on August 1, 2018, and the calibration service commenced on that date. However, the calibration service will not be complete for another 3 months. Ortiz received $98,000 from EverFresh on August 1, 2018. How much revenue does Ortiz recognize on August 1, 2018? (1.5 points)