14)On August 1, 2022, Marlo & Co. signed a contract to provide ABC Bakery with an ingredient-weighing system for a price of $110,000. The system included finely tuned scales that fit into ABC's automated assembly line, Marlo's proprietary software modified to allow the weighing system to function in ABC's automated system, and a one-year contract to calibrate the equipment and software on an as-needed basis. (Marlo competes with other vendors who offer ongoing calibration contracts for Marlo's systems.) If Marlo was to provide these goods or services separately, it would charge $90,000 for the scales, $20,000 for the software, and $40,000 for the calibration contract. Marlo delivered and installed the equipment and software on September 1, 2022, and the calibration service commenced on that date.

Assume that the scales, software and calibration service are all separate performance obligations. How much revenue will Marlo recognize in 2022 for this contract?

(Show your calculations for each revenue component to get to your answer)