Sweet Inc. sells an irrigation system that cost $181,000 to McGraw Company for $305,000 on March 2, 2017. The sales price includes an installation fee. The standalone price of the installation fee is $63,000. The standalone price of the irrigation system is $266,000. The installation is considered a separate performance obligation and is expected to take 3 months to complete.

Sweet delivered the irrigation system on March 14, 2017. The installation was completed on June 10, 2017. How much revenue should Sweet recognize in the first quarter of 2017 related to its sale to McGraw? How much revenue should Sweet recognize in the second quarter? (Round answers to 0 decimal places, e.g. 5,125.)

		First Quarter		Second Quarter
Revenue		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places