Blossom Construction Company uses the percentage-of-completion method of accounting. In 2020, Blossom began work under contract with a contract price of $1,500,000. Other details follow: 2020 2021 $972,900 $1,370,000 Costs incurred to date Estimated costs to complete, as of December 31 437,100 -0- Billings to date 812,900 1,500,000 Collections to date 220,000 1,500,000 (a) What portion of the total contract price would be recognized as revenue in 2020? In 2021? Revenue recognized in 2020 $ Revenue recognized in 2021 $