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How much revenue will be recognized from the sales

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Question - LookAtMe Camera has a fiscal year of December 31. In December 2020, as a special promotion, LookAtMe sold a digital camera (retail price $220), a digital photograph printer (retail price $120), and an extended warranty contract for each (total retail price $60) as a package for a special price of $350. The promotion also included free three month financing, so cash from these sales is received in 2021. The extended warranty covers the period from 2021 through 2022. The company sold 100 of these camera-printer packages, and customers took delivery of the products in December 2020. How much revenue will be recognized from the sales of the 100 packages for the fiscal year ending December 31, 2020?

Reference no: EM133048896

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