IBM sold a mainframe computer to its customer for 60 monthly payments of $92,082.61, which totals $5,524,956.60. iBM also agreed to provide installation andtraining for the customer for no additional charges. According to the agreement thecustomer is not required to use IBM for installation and training. IBM estimated thatthe standalone installation and training sales prices are $50,000 and $68,000,respectively. IBM used a 4% annual interest rate in determining the 60 monthlypayments. The customer decided to have IBM install and train its employees andIBM delivered the computer on July 1 and completed installation on October 31.Training will take place over the next 12 months. IBM's year end is December 31and the customer payments start at the end of the month of delivery. A. What date may IBM recognize revenue from this transaction [1 point] B. What are the revenue amounts IBM may recognize on the date speci?ed inanswer A? [You must show your work for credit.] [7 points] C. How much interest revenue will IBM recognize on its December 31 regularincome statement from this transaction? [You must show your work for