Victor is employed by Appliance Company.All full-time employees are allowed to purchase appliances at the company's cost plus 10%.The employees are also given, at no cost, a one-year service contact on all the goods purchased from the Company.Victor purchased a refrigerator for $500.The Company's normal selling price for the refrigerator is $800.Victor also received a service contract at no charge that had a value of $150.During the year, Victor was required to have his refrigerator serviced once.The cost of the call would have been $75 if he had not had the service contract.Is Victor required to recognize any income from the purchase of the refrigerator, the receipt of the service contract, and the service call?