On June 1, 2021, Blossom & Sons sold equipment to James Landscaping Service in exchange for a zero-interest bearing note with a face value of $94800, with payment due in 12 months. The fair value of the equipment on the date of sale was $87000. The amount of revenue to be recognized on this transaction in 2021 is $87000. $94800. $7800. $87000 sales revenue and $4550 interest revenue.

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