True Tech enters into a contract with ProSport Gaming to add ProSport's online games to the Tri-Net network. The terms of the contract are: On January 1, 2021, ProSport pays True Tech an up-front fixed fee of $300,000 for six months of featured access ProSport also will pay TrueTech a bonus of $180,000 if Tri-Net users access ProSport games for at least 15,000 hours during the six-month period TrueTech estimates a 75% chance that it will achieve the usage target and receive the $180,000 bonus. Suppose TrueTech uses the most likely amount method to determine the transaction price that depends on future events. The amount of service revenue TrueTech should recognize on January 1, 2021 is $300,000 $480,000 $180,000 None of the above is correct