Financial Software Inc. (FSI) provides ERP software to large corporations. Big Corporation signs a contract with FSI on January 1, 2023. FSI will provide the ERP, including installation and testing, consulting services to integrate the software with all of Big Corp's other systems and 4 years of support services. Another firm could provide the support services, but FSI requires that they perform the modifications, installation and testing. The total price of the contract is $2,800,000. FSI would charge $2,200,000 for the software (including installation and testing), $200,000 for the consulting services to modify the software and the estimated fair value of the support services is $600,000. FSI completes the installation and testing during June 2023. The support services will be provided in 2023 through 2026. Determine how to recognize revenue in 2023. Please explain your recommendation. Prepare the journal entries for 2023.