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John's Bikes has pricing options of: Bike Pack A: bike $1500 plus $80 membership per...

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Accounting

John's Bikes has pricing options of:

Bike Pack A: bike $1500 plus $80 membership per month for 1 year

Bike: $2000

Membership: $100 per month for 1 year

Cost of inventory per bike is $1000

Cost of member ship per member per month $2

On November 1st 2021 John sold 1000 basic packages, paid with cash and delivered immediately.

How much sales revenue would be recognized in Nov 2021?

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