$168,000. Maintenance fees are billed annually by Traders Inc. Required Answer the following questions, rounding each answer to the nearest whole dollar. a. Record Traders Inc.'s journal entry to recognize revenue for each of the first two years of the contract. Assume that the contract price was paid in cash. b. Record Traders Inc.'s journal entry to recognize revenue for each of the years three through five of the contract, taking into account the contract modification. \begin{tabular}{|l|l|rrr|} \hline \multicolumn{1}{|c}{ Account Name } & & \multicolumn{1}{c}{ Dr. } & Cr. \\ \hline Dec. 31, Year 3 & Cash & & 168,000 & 0 \\ \hline & Deferred Revenue & & 0 & 168,000 \\ \hline & To record revenue. & & & \\ \hline \end{tabular} \begin{tabular}{|c|ccc|} \hline & Account Name & Dr. & Cr. \\ \hline Dec. 31, Year 3 & Service Revenue & 9,333 & \\ \hline & Deferred Service Revenue & & 9,333 \\ \hline \end{tabular} \begin{tabular}{|l|llrrr|} \hline \multicolumn{1}{c}{ Account Name } & & \multicolumn{1}{c}{ Dr. } & Cr. \\ \hline Dec. 31, Year 4 & Cash & & 196,000 & 0 \\ \hline & Service Revenue & & 0 & 196,000 \\ \hline & To record revenue. & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline & Account Name & Dr. & Cr. \\ \hline Dec. 31, Year 5 & Deferred Service Revenue & 4,666 & \\ \hline & Service Revenue & & 4,666 \\ \hline \end{tabular} $168,000. Maintenance fees are billed annually by Traders Inc. Required Answer the following questions, rounding each answer to the nearest whole dollar. a. Record Traders Inc.'s journal entry to recognize revenue for each of the first two years of the contract. Assume that the contract price was paid in cash. b. Record Traders Inc.'s journal entry to recognize revenue for each of the years three through five of the contract, taking into account the contract modification. \begin{tabular}{|l|l|rrr|} \hline \multicolumn{1}{|c}{ Account Name } & & \multicolumn{1}{c}{ Dr. } & Cr. \\ \hline Dec. 31, Year 3 & Cash & & 168,000 & 0 \\ \hline & Deferred Revenue & & 0 & 168,000 \\ \hline & To record revenue. & & & \\ \hline \end{tabular} \begin{tabular}{|c|ccc|} \hline & Account Name & Dr. & Cr. \\ \hline Dec. 31, Year 3 & Service Revenue & 9,333 & \\ \hline & Deferred Service Revenue & & 9,333 \\ \hline \end{tabular} \begin{tabular}{|l|llrrr|} \hline \multicolumn{1}{c}{ Account Name } & & \multicolumn{1}{c}{ Dr. } & Cr. \\ \hline Dec. 31, Year 4 & Cash & & 196,000 & 0 \\ \hline & Service Revenue & & 0 & 196,000 \\ \hline & To record revenue. & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline & Account Name & Dr. & Cr. \\ \hline Dec. 31, Year 5 & Deferred Service Revenue & 4,666 & \\ \hline & Service Revenue & & 4,666 \\ \hline \end{tabular}