Construction Company builds homes on lots it owns. It currently is building a home for Billy Bob (BB). The terms of the contract required BB to pay the entire $200,000 price of the home on the date the construction contract was signed (October 1, 2012). The advance payment protects BB from a forecasted increase in home prices. The contract promises BB that he can move into the house no later than 9 months from when he signs the contract (June 30, 2013). The total expected cost of completing the house is $150,000. If the house is not completed by June 30, 2013 Construction Company must pay BB a $1,500 penalty each week until he can move into the house. Construction Company spends $20,000 to lay the foundation for the house in 2012. It completes the house for $2,000 under budget on July 1. The company is Calendar Year.

Under current GAAP, how much revenue should Construction Company, Boat Builder and BMW recognize in 2012 and 2013?