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The store sells five gadgets on January 1, 2020, to a customer for $150000. The cost of the vehicles sold = $75000 It agrees to
The store sells five gadgets on January 1, 2020, to a customer for $150000.
The cost of the vehicles sold = $75000
It agrees to repurchase the gadgets from the customer on December 31, 2021, for a price of $132500.
Find the total amount of sales revenue recognized for the transaction in 2020.
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