Assume the following scenarios. Scenario 1: During 2018, The Hubbard Group provides services of $900,000 for repair of a state highway. The company receives an initial payment of $300,000 with the balance to be received the following year. Scenario 2: Rolling Stone magazine typically charges $80 for a one-year subscription. On January 1, 2018, Herman, age 72, purchases a one-year subscription to the magazine and receives a 15% senior citizen discount. Scenario 3: During 2018, Waste Management provides services on account for $30,000. The customer pays for those services in 2019. Scenario 4: During 2018, Sysco Corporation sells grocery items to one of its customers for$260,000 on account. Cash collections on those sales are $180,000 in 2018 and $60,000 in 2019. The remaining $20,000 is written off as uncollectible in 2019. Required: For each scenario, calculate the amount of revenue to be recognized in 2018