Assume the following scenarios Scenario 1: During 2018, 1BM provides consulting services on its mainframe computer for $11,000 on account. The customer does not pay for those services until 2019. Scenario 2: On January 1, 2018, Gold's Gym sells a one-year membership for $1,200 cash. Normally, this type of membership would cost $1,600, but the company is offering 25% "New Year's Resolution" discount. Scenario 3: During 2018, The Manitowoc Company provides shipbuilding services to the U.S. Navy for $450,000. The U.S. Navy will pay $150,000 at the end of each year for the next three years, beginning in 2018. Scenario 4: During 2018, Goodyear sels tires to customers on account for $35,000. By the end of the year, collections total $30,000. At the end of 2019, it becomes apparent hat the remaining $5,000 will never be collected from customers Required: For each scenario, calculate the amount of revenue to be recognized in 2018. Revenue recognized in 2018 Scenario 1 Scenario 2 Soonario 3 Scenario 4