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 214000 units. "tibed" sells for a price of 22.80 per unit and, Vargo incurs shipping costs of 2.75 per unit sold. Vargo had sales returns of 174000 and sales discounts of 64000 on " tibed" sales.

the second is software package ( the "tiderc") and is new for 2017. It has two performance obligations (sale of the software and a software update after 2 years). 61000 units of "tiderc" were sold. "tiderc" sells for $30 per unit. The standalone sales price of the software has been determining to be $25 and the standalone sales price for the update is $5.

1) How much revenue will Vargo record for "Tiderc" in 2017?

2) What Journal entry is required to record "Tiderc" sales for 2017?