3. May 9: Derby's engineering staff complete the train design and it is approved by officials from OM as well as the Transportation Safety Board. 4. August 1: Derby completes construction of the 10 trains. 5. September 1: The 10 trains are delivered according to the contract to OM's Montreal train yards. 6. 7. September 30: After testing for safety compliance, the trains receive final approval from OM and the Transportation Safety Board and are certified to carry passengers. November 15: OM pays the balance owing on the contract. (a1) Determine when and how much revenue Derby would be able to recognize for the year ended October 31, 2020. (Round allocation percentage to 1 decimal place, e.g. 15.2% and final answers to 0 decimal places, eg. 125.) Revenue recognized on May 9, 2020 Revenue recognized on September 1, 2020 V eTextbook and Media