Crane Construction Company uses the percentage-of-completion method of accounting. In 2020, Crane began work under a non- cancellable contract #E2-D2, which provided for a contract price of $2,156,000. Other details follow: 2020 2021 Costs incurred during the year $598,290 $1,421,000 Estimated costs to complete, as at December 31 1,018.710 0 Billings during the year (non-refundable) 425,000 1,646,400 Collections during the year 357,000 1,497,000 How much revenue should be recognized in 2020 and in 2021? 2020 2021 Revenue to be recognized $ $ e Textbook and Media List of Accounts