Assume the following scenarios. Scenario 1: During 2021, IBM provides consulting services on its mainframe computer for $9,400 on account. The customer does not pay for those services until 2022. Scenario 2: On January 1, 2021, Gold's Gym sells a one-year membership for $1,080 cash. Normally, this type of membership would cost $1,440, but the company is offering a 25% "New Year's Resolution" discount. Scenario 3: During 2021, The Manitowoc Company provides shipbuilding services to the U.S. Navy for $540,000. The U.S. Navy will pay $180,000 at the end of each year for the next three years, beginning in 2021. Scenario 4: During 2021, Goodyear sells tires to customers on account for $17,400. By the end of the year, collections total $14,000. At the end of 2022, it becomes apparent that the remaining $3,400 will never be collected from customers. Required: For each scenario, calculate the amount of revenue to be recognized in 2021. Revenue recognized in 2021 Scenario 1 Scenario 2 Scenario 3 Scenario 4