Willow Ltd is offering the following conditions to customers who purchase goods with a minimum total of $$20000$ in the one transaction:

Initial deposit of $25\%$ of purchase price.

Immediate delivery of goods purchased.

Repayment of the balance $($including the interest$)$ over $36$ equal monthly instalments.

Willow Ltd retains legal title to the goods until the final monthly payment has been made.

Willow Ltd would recognise revenue as follows:

Group of answer choices

recognise interest as it is received $($monthly$)$ and recognise the revenue on the sale of the goods at purchase date.

recognise all revenue as it is received.

recognise interest as it is received $($monthly$)$ and recognise the revenue on the sale of the goods once the final payment has been received.

recognise the whole amount of revenue at purchase date.