Use the following information for questions. Piano Construction Corp.began operations in 2014.Construction activity for 2014 is shown below.Piano uses the completed-contract method. 
-On June 1, Electronics Distribution (ED) shipped 100 TVs to TV World (TVW) on consignment.ED buys these TVs from their supplier for $600 each and sells them to TVW for $800.TVW then retails them for $1,200 each.By the end of June, TV World reported that they had sold 60 of these TVs, and remitted the appropriate amount to ED.How much revenue should be recorded by ED in connection with this transaction?
Definitions:
User Defined Input
A setting or value entered into a system by the user to customize operations or outcomes.
Pre-determined Speed
The speed set for a machine or device, decided before it is operated.
Rated Speed
Rated speed is the speed at which an electric motor or machine is designed to operate under a specific load to achieve optimum performance.
VFD Technology
Variable Frequency Drive technology, enabling control of the speed and torque of electric motors by varying the input frequency and voltage.
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