Check my work Assume the following scenarios Scenario 1: During 2021, The Hubbard Group provides services of $790,000 for repair of a state highway. The company receives an initial payment of $190,000 with the balance to be received the following year Scenario 2: Rolling Stone magazine typically charges $70 for a one-year subscription. On January 1, 2021, Herman, age 72 purchases a one-year subscription to the magazine and receives a 10% senior citizen discount. Scenario 3: During 2021, Waste Management provides services on account for $19,000. The customer pays for those services in 2022 Scenario 4: During 2021, Sysco Corporation sells grocery items to one of its customers for $249,000 on account Cash collections on those sales are $169,000 in 2021 and $49,000 in 2022. The remaining $31,000 is written off as uncollectible in 2022 Required: For each scenario, calculate the amount of revenue to be recognized in 2021. recognized in 2021 $ Scenario 1 Scenario 2 Scenario 3 Scenario 4 790.000 70 19,000 249 000 $ S Scenario 1 During 2021, The Hubbard Group provides services of $790,000 for repair of a state highway. The company receives an initial payment of $190,000 with the balance to be received the following year, Scenario 2: Rolling Stone magazine typically charges $70 for a one-year subscription. On January 1, 2021, Herman, age 72, purchases a one-year subscription to the magazine and receives a 10% senior citizen discount