Sheridan Company sells goods that cost $315,000 to Steven Company for $400,000 on January 2, 2023. 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, 2023. Installation is considered a separate performance obligation and was completed on June 18, 2023. Under the terms of the contract, Steven pays Sheridan $267,000 on delivery of the goods and the balance at the completion of the installation