Sarasota Company sells goods that cost $$324,000$ to Ricard Company for $$442,800$ on January $2,2025.$ The sales price includes an installation fee, which has a stand$-$alone selling price of $$43,200.$ The standalone selling price of the goods is $$399,600.$ The installation is considered a separate performance obligation and is expected to take $6$ months to complete $($installation was completed on June $18,2025).$

$($a$)$

Your answer is correct.

How much revenue does Sarasota record on January $2,2025?$

Revenue $

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$($b$)$

How much income should Sarasota report related to its sale to Ricard in its income statement prepared for the quarter ended March $31,2025?$