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oplication Problem 4-5A al, b-c (Part Level Submission) pol-IT Ltd. manufactures and sells air conditioning equipment to retailers across North America. In 2020, Cool-IT signed a two-year contract with BigMart Ltd. to supply it with 64,800 units at a price of $72 per it. Cool-IT's cost to manufacture these units is $53. The following schedule summarizes the production, delivery, and payments in relation to the contract. Production costs are recorded to inventory: r conditioning units delivered coduction costs incurred ash payments received 2020 41,100 $2,178,300 $2,540,200 2021 23,700 $1,256,100 $1,838,400 Total 64,800 $3,434,400 $4,378,600 -(al) etermine how much revenue Cool-IT would be abt 2014 and 2021. Collapse question part evenue recognized in 2020 evenue recognized in 2021