Whispering Winds enters into a contract with Bramble Company to purchase a gas fireplace unit. The sale agreement is for a total price of $3040 and includes delivery of the unit, installation, and a two-year warranty. Installation successfully occurred on November 1, 2021. Bramble Company often sells this gas fireplace for $2490 and offers installation and warranty services at $590 and $330 respectively. Using the stand-alone fair values, what amount would be recorded as revenue on November 1, 2021 under the contract-based approach to revenue recognition? Round intermediate calculation to 2 decimal places, e.g. 3.12 and final answer to the nearest whole dollar, e.g. 3. $2746 $2490 $2223 $3040