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Crane Ltd$.,$ an equipment manufacturer, sold and delivered a piece of equipment to a buyer for $$106,000,$ with $50\%$ payable in one year

and the remaining $50\%$ payable in two years from the date of sale. Crane estimates that the interest rate for a similar financing

arrangement would be $12\%.$ Calculate the amount of revenue that Crane should recognize on the date of sale using Excel or a financial

calculator. $($Round discount factor to $5$ decimals and final answer to $2$ decimal places, e$.$g$.5,275\mathrm{.}55.)$

Click here to view Table A$.2-$ PRESENT VALUE OF $1-($PRESENT VALUE OF A SINGLE SUM$)$

Click here to view Table A$.4-$ PRESENT VALUE OF AN ORDINARY ANNUITY OF $1$

Revenue to be recognized on the date of sale

PLEASE ANSWER CORRECTLY OR I WILL GIVE A THUMBS DOWN $!!!!!!!!!!!!!!!!!!!!!$