Sandhill Company sells goods to Teal Company during 2017. It offers Teal the following rebates based on total sales to Teal. If total sales to Teal are 9,500 units, it will grant a rebate of 3%. If it sells up to 20,000 units, it will grant a rebate of 5%. If it sells up to 28,000 units, it will grant a rebate of 6%. In the first quarter of the year, Sandhill sells 11,700 units to Teal at a sales price of $105,300. Sandhill, based on past experience, has sold over 37,300 units to Teal, and these sales normally take place in the third quarter of the year.
What amount of revenue should Sandhill report for the sale of the 11,700 units in the first quarter of the year.