On november 1, 2019, gerakos corporation sold software and a six-month technical support contract to a customer for $80,000. gerakos sells the same software without technical support for $60,000. it does not sell technical support separately. gerakos uses the residual method to allocate the transaction price.
required:
what amount of revenue does gerakos recognize in 2019 and in 2020? (do not round intermediate calculations. round your answers to the nearest whole dollar amount)
Total revenue
2019 = _____
2020 = _____
