Sheridan Company sells goods that cost $315,000 to Concord Company for $400,000 on January 2, 2020. The sales price includes an installation fee, which is valued at $32.800. The fair value of the goods is $377,200. The goods were delivered on March 1, 2020. Installation is considered a separate performance obligation and was completed on June 18, 2020. Under the terms of the contract, Concord Company pays Sheridan $267,000 upon delivery of the goods and the balance at the completion of the installation. Using the five-step process for revenue recognition, determine when and how much revenue would be recognized by Sheridan. Assume IFRS is followed. (Round percentage allocations to 2 decimal places, 15.25 and final answers to decimal places, e.g. 5,275.) When? Performance Obligation Deliver goods How much? $