On October 20, year 2, Grimm Co. consigned forty freezers
to Holden Co. for sale at $1,000 each and paid $800 in transportation
costs. On December 30, year 2, Holden reported the sale
of ten freezers and remitted $8,500. The remittance was net of
the agreed 15% commission. What amount should Grimm recognize
as consignment sales revenue for year 2?