TopChop sells hairstyling franchises. TopChop receives $50,000 from a new franchisee for providing initial training, equipment, and furnishings that have a stand-alone selling price of $50,000. Top Chop also receives $30,000 per year for use of the Top Chop name and for ongoing consulting services (starting on the date the franchise is purchased). Carlos became a Top Chop franchisee on July 1, 2021, and on August 1, 2021, had completed training and was open for business. How much revenue in 2021 will Top Chop recognize for its arrangement with Carlos? Revenue