hope conyers corporation entered into an agreement on 1 july 2020 with zara ltd to develop a new accounting software package for zara ltd. zara will pay for the software package total $250 300. as the end of its reporting period, 30 june 2021, hope corporation had incurred labour costs of $51 250 and materials costs of $50 000 to date. hope corporation expects that the total costs for the software package will be $202 500. as at 30 june 2021, zara ltd had made progress payments to hope corporation of $97 000. hope corporation calculates the measurement of progress using input methods in accordance with paragraph b18 of aasb 15/ifrs 15. calculate and select the revenue to be recognised by hope ltd for the year ended 30 june 2021