Buffalo Construction Company uses the percentage-of-completion method of accounting. In 2020, Buffalo began work under contract #E2-D2, which provided for a contract price of $2,237,000. Other detalls follow: 2020 2021 $616,740 $1,441,000 1.006,260 -0- Costs incurred during the year Estimated costs to complete, as of December 31 Billings during the year Collections during the year 414,000 2.237.000 1.500.000 352000 (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