A company fulfills one large contract at a time, and fulfillment on a contract takes 15 months. The company completed a contract on December 1, 20Y1, accepted a new contract on February 1, 20Y2, and immediately began work to complete the new contract. The company uses the completed contract method of accounting for revenue rather than the percentage of completion method. Which of the following is the most likely effect on the company's income statements for the years 20Y2 and the succeeding year, 20Y3? on the 20Y3 income statement. in 20Y3. progress made on the contract during 2012. revenue will produce similar revenue levels on the income statements for each period. The revenue recognized on the 20Y2 income statement will be lower than the revenue recognized The revenue recognized on the 20Y2 income statement will be higher than the revenue recognized The revenue recognized on the 20Y2 income statement will be consistent with the amount of There will be no significant difference between the two years; the two methods of recognizing