Waterway Ltd., an equipment manufacturer, sold and delivered a piece of equipment to a buyer for $ 84,000, with 50% payable in one year and the remaining 50% payable in two years from the date of sale. Waterway estimates that the interest rate for a similar financing arrangement would be 12%. Calculate the amount of revenue that Waterway should recognize on the date of sale. (Round discount factor to 5 decimals and final answer to 2 decimal places, e.g. 5,275.25.)