Vargo sells two products. The first (the tibed) is sold only for cash and\ represents a single performance obligation (sale of the product). Tibed sales\ for the year are 203,000 units. Tibed sells for a price of $24.95 per unit, and\ Vargo incurs shipping costs of $3.90 per unit sold. Vargo had sales discounts of\ $83,000 on tibed sales.\ The second is a software package (the tiderc) and is new for 2023. It has two\ performance obligations (sale of the software and a software update after 2\ years). 60,200 units of tiderc were sold. Tiderc sells for $30 per unit (also\ cash sales). The standalone sales price of the software has been determined to be\ $28 and the standalone sales price of the update is $7. Vargo incurs a costs of\ $4.15 per software package.\ Report sales of the two products separately on the income statement (one line for\ tibed and one line for tiderc)\ How much revenue will Vargo record for Tiderc in 2023?\ What journal entry is required to record Tiderc sale