Assume the following scenarios: Scenario 1: During 2021, The Hubbard Group provides services of $740,000 for repair of a state highway. The company receives an initial payment of $140,000 with the balance to be recelved the following year. Scenario 2: Rolling Stone magazine typically charges $60 for a one-year subscription. On January 1, 2021, Herman, age 72, purchases a one-year subscription to the magazine and recelves a 10% senior citizen discount. Scenario 3: During 2021, Waste Management provides services on account for $14,000. The customer pays for those services in 2022 Scenario 4: During 2021, Sysco Corporation selis grocery items to one of its customers for $244,000 on account. Cash collections on those sales are $164,000 in 2021 and $44,000 in 2022 . The remaining $36,000 is written off as uncollectible in 2022. Required: For each scenario, calculate the amount of revenue to be recognized in 2021