Zippay Ltd is offering the following conditions to customers who purchase goods with a minimum total of $2 000 in the one transaction: Upfront deposit of 33% of purchase price. Delivery of goods purchased within 7 days. Annual Interest rate of 15% charged on the outstanding balance. Repayment of the balance with interest over 12 equal monthly installments. Zippay Ltd retains legal title to the goods until the final monthly payment has been made. Zippay Ltd would recognise revenue as follows