On July $15,2024,$ Ortiz & Company signed a contract to provide EverFresh Bakery with an ingredient$-$weighing system for a price of

$$90,000.$ The system included finely tuned scales that fit into EverFresh's automated assembly line, Ortiz's proprietary software

modified to allow the weighing system to function in EverFresh's automated system, and a one$-$year contract to calibrate the

equipment and software on an as$-$needed basis. If Ortiz was to provide these goods or services separately, it would charge $$60,000$

for the scales, $$10,000$ for the software, and $$30,000$ for the calibration contract. Ortiz delivered and installed the equipment and

software on August $1,2024,$ and the calibration service commenced on that date.

Assume that the scales, software and calibration service are viewed as one performance obligation. How much revenue will Ortiz

recognize in $2024$ for this contract?

Note: Do not round intermediate calculations. Round final answer to whole dollars.

Multiple Choice

$$63,000$

$$90,000$