Question: On May 1, 2024, Varga Tech Services signed a $102,000 consulting contract with Shaffer Holdings. The contract requires Varga to provide computer technology support services

$On May 1, 2024, Varga Tech Services signed a \$102,000 consulting$

On May 1, 2024, Varga Tech Services signed a \$102,000 consulting contract with Shaffer Holdings. The contract requires Varga to provide computer technology support services whenever requested over the period from May 1 , 2024, to April 30, 2025, with Shaffer paying the entire $102,000 on May 1 , 2024. How much revenue should Varga recognize in 2024? Note: Do not round intermediate calculation. Answer is complete but not entirely

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