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On January 1,2024 , Hodge Beanery received $14,600 from the Kennedy Company in exchange for...

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Accounting

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On January 1,2024 , Hodge Beanery received $14,600 from the Kennedy Company in exchange for a coffee roaster that it will deliver to Kennedy on December 31, 2024. Assume that Hodge views the time value of money to be a significant component of this transaction and that a 10% interest rate is applicable. How much deferred revenue would Hodge recognize on January 1, 2024? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of \$1, PV of \$1, FVA of \$1, PVA of $1, FVAD of $1 and PVAD of \$1)

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