High-End Contractors won a contract to build a new business school worth a total of $45,000,000. The company initially estimates that the total cost for building the school is $34,400,000 and that it will take 4 years to complete. However, just prior to the preparation of the financial statements for Year 2, the company revises the cost estimate to $37,000,000. 

Information concerning actual costs for years 1 & 2 are provided below.

	Year 1	Year 2
Costs incurred during the year	$10,600,000	$15,400,000

How much revenue should High-End recognize during Year 1 & Year 2 if High-End uses the percentage of completion method?