ACCRUAL METHOD OF ACCOUNTING IS USED.

On January 1, 2018, FAYB ( a C Corporation) was charged up front $1M for a software license and 4 year maintenance contract. Under new standards, $800,000 is allocated to software license and $200,000 to maintenance. Tax uses one-year deferral under Rev. Proc. 2004-34 and the new IRC 451 rules (The amount of any item of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under the method of accounting used in computing taxable income, such amount is to be properly accounted for as of a different period).

Show the book and tax entries of revenue recognition of this transaction for 2018-2021.