2. For each scenario, indicate how much revenue and, when applicable, expense are recognized in 2019. A. Company A enters into a contract for the provision of multiple deliverables to a customer in January, 2019. The selling price is $120,000. If each of the three components of the contract were sold separately. the selling price would be $60,000. $60.000, and $20,000. The first component is equipment, which was delivered in 2019. The second component is a software upgrade that will be provided in 2020, when its development has been completed. The third component is technical support, which will be provided over the next three years (2019, 2020, and 2021). 60% of the selling price was collected up front, with the other 40% being collected in January, 2020. What is the amount of revenue (ignore expenses) reported in 2019? Company B signs a contract to build a new road for $2,000,000 over 3 years. The projected cost of the construction is $1,400,000. At the end of 2019, the construction company has reasonably estimated that 40% of the contract had been completed during the year. It has no concerns about collectability. In fact, it collected a $700,000 progress payment in 2019. What is the amount of 1) revenue and 2) expense reported in 2019? C. Company C sells some merchandise to a customer for $1,200 on credit. The merchandise has a cost of $650. The customer will pay $150 monthly payments. In 2019, the customer made 5 payments. Since collectability is an issue, Company C decided to use the installment method. What is the amount of 1) revenue and 2) expense reported in 2019? D. Same information as in transaction C above, except that Company C used the cost recovery method. What is the amount of 1) revenue and 2) expense reported in 2019