Current Attempt in Progress Tamarisk Construction Company uses the percentage-of-completion method of accounting. In 2020, Tamarisk began work under contract #E2-D2, which provided for a contract price of $2,191,000. Other details follow: 2020 2021 Costs incurred during the year $596,440 $1,421,000 Estimated costs to complete, as of December 31 1,015,560 -0- Billings during the year 412,000 2,191,000 Collections during the year 346,000 1,501,000 What portion of the total contract price would be recognized as revenue in 2020? In 2021? Revenue recognized in 2020 $ Revenue recognized in 2021 $ eTextbook and Media List of Accounts Estimated costs to complete, as of December 31 1,015,560 Billings during the year 412,000 Collections during the year 346,000 -O- 2,191,000 1,501,000 What portion of the total contract price would be recognized as revenue in 2020? In 2021? Revenue recognized in 2020 $ Revenue recognized in 2021 $ eTextbook and Media List of Accounts Question Part Score --/1 Assuming the same facts as those above except that Tamarisk uses the completed-contract method of accounting, what portion of the total contract price would be recognized as revenue in 2021? Revenue recognized in 2021 $