TopChop sells hairstyling franchises. TopChop receives $39,000 from a new franchisee for providing initial training, equipment and furnishings that have a stand-alone selling price of $39,000. TopChop also receives $19,000 per year for use of the TopChop name and for ongoing consulting services (starting on the date the franchise is purchased). Carlos became a TopChop franchisee on July 1 2018, and on August 1, 2018, had completed training and was open for business How much revenue in 2018 will TopChop recognize for its arrangement with Carlos