Assume the following scenarios. Scenario 1: During 2021, IBM provides consulting services on its mainframe computer for $10,600 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 $1,248 cash. Normally, this type of membership would cost $1,560, but the company is offering a 20% New Year's Resolution discount. Scenario 3: During 2021, The Manitowoc Company provides shipbuilding services to the U.S. Navy for $390,000. The U.S. Navy will pay $130,000 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 $30,600. By the end of the year, collections total $26,000. At the end of 2022, it becomes apparent that the remaining $4,600 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