On January 1,2018 Sukhi's Cycles Inc.sells a motorcycle for $24,000.Terms offered are $10,000 cash;$7,000 due on January 1,2019,and $7,000 due on January 1,2020.The market interest rate for transactions of this type is 4.0% per annum.What is the amount of revenue that Sukhi should record at time of sale?
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