Sandhill Company sells goods to Teal Company during 2017. It offers Teal the following rebates based on total sales to Teal. If total sales to Teal are9,500units, it will grant a rebate of3%. If it sells up to20,000units, it will grant a rebate of5%. If it sells up to28,000units, it will grant a rebate of6%. In the first quarter of the year, Sandhill sells11,700units to Teal at a sales price of $105,300. Sandhill, based on past experience, has sold over37,300units to Teal, and these sales normally take place in the third quarter of the year.

What amount of revenue should Sandhill report for the sale of the11,700units in the first quarter of the year.

Revenue

$