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Brief Exercise 6-29 (Algo) Timing of revenue recognition; consignment [LO6-7] Kerianne paints landscapes, and in...

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Brief Exercise 6-29 (Algo) Timing of revenue recognition; consignment [LO6-7] Kerianne paints landscapes, and in late 2024 placed four paintings with a retail price of $260 each in the Hoimstrom Gallery. Kerianne's arrangement with Hoimstrom is that Hoimstrom will earn a 10% commission on paintings sold to gallery patrons. As of December 31, 2024, one painting had been sold by Hoimstrom to gallery patrons. How much revenue with respect to these four paintings should Kerianne recognize in 2024

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