Current Attempt in Progress Sheridan Construction Company uses the percentage-of-completion method of accounting. In 2023, Sheridan began work under a non-cancellable contract #E2-D2, which provided for a contract price of $2,227,000. Other details follow: 2024 Costs incurred during the year $660,240 $1,422,000 Estimated costs to complete, as at December 31 911.760 0 Billings during the year (non-refundable) 425,000 1.848,000 Collections during the year 347,000 1.523,000 (a) How much revenue should be recognized in 2023? In 20247 Revenue to be recognized 2023 2024