Question: Use the following information to answer question 1 3 : Panyapanya Ltd and a customer entered into a contract on 1 January 2 0 2

Use the following information to answer question 13:
Panyapanya Ltd and a customer entered into a contract on 1 January 2023 for the sale of'g of 900 bicycles to the latter, to be delivered over nine months. The transaction price of the bicycles at the contract date was R200 each. Over the nine months, the bicycles were to be delivered to the customer at different intervals.
Both the supplier and the customer decided to modify the original contract on 1 June 2023, although Panyapanya Ltd had already delivered 500 bicycles as per the original agreement to the customer at this point. The modified contract included the delivery of an additional 150 bicycles at a price of R150 each. The bicycles that Panyapanya Ltd sold are distinct goods, regularly sold, and their pricing at the time of the contract reflected the contract's stand-alone price.
QUESTION 13:
According to the contract, how much revenue will be recognised from the date of modification of contract?
1. R180000
2. R100000
3. R102500
4. R202500

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