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Kerianne paints landscapes, and in late 2018 placed four paintings with a retail price of...

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Accounting

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Kerianne paints landscapes, and in late 2018 placed four paintings with a retail price of $220 each in the Holmstrom Gallery. Kerianne's arrangerment with Holmstrom is that Holmstrom will earn a 10% commission on paintings sold to gallery patrons. As of December 31, 2018, one painting had been sold by Holmstrom to gallery patrons. How much revenue with respect to these four paintings should Kerianne recognize in 2018? Answer is complete but not entirely correct 198

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