Spectacular Corp. sold 300,000 units of a new product to Sales Outlet Inc. for $6.00 per unit on account. Spectacular provides Sales Outlet with 300,000 store-shelf coupons worth $1.30 each towards the purchase of its product. The coupons can be redeemed by the purchaser at the Sales Outlet stores. Spectacular estimated that 30% of the 300,000 coupons will be redeemed. At the end of the promotion, Sales Outlet submitted a claim for $110,500 for the 85,000 coupons that it redeemed. Spectacular paid cash to Sales Outlet when the daim was received. Spectacular uses a periodic inventory system PUT YOUR ANSWER IN THE BOX FOLLOWING THE QUESTION DO NOT INCLUDE A $ SIGN IN YOUR ANSWER * ROUND YOUR ANSWER TO THE NEAREST WHOLE DOLLAR How much revenue wil Spectacular Corp. Initially recognize when it sells the 300.000 units of the product to Sales Outlet Inc. $