Sanjeev enters into a contract offering variable consideration. The contract pays him $1700/ imonth for six months of continuous consulting services, In addition. there is a 80% chance the contract will pay an additional $4,800 and a 20% chance the contract will pay an additional $1,200, depending on the outcome of the consulting contract. Sanjeev concludes that this contract quaifies for revenue recognition over time. Assume Sanjeev estimates variable consideration as the most likely amount. What is the amount of revenue Sanjeev would recognize for the fist month of the contract? Note: Do not round intermediate calculations. Round final answer to whole dollars. Multple Choiced 52,040 91700 3). 0.40 12500