Sunland Ltd., an equipment manufacturer, sold and delivered a piece of equipment to a buyer for $94,000, with 50% payable in one year and the remaining 50% payable in two years from the date of sale. Sunland estimates that the interest rate for a similar financing arrangement would be 12%. Calculate the amount of revenue that Sunland should recognize on the date of sale using Excel or a financial calculator. (Round discount factor to 5 decimals and final answer to 2 decimal places, e.g. 5,275.55.) Click here to view Table A.2 - PRESENT VALUE OF 1 - (PRESENT VALUE OF A SINGLE SUM) Click here to view Table A.4 - PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 Revenue to be recognized on the date of sale $