Ivanhoe Sleeper Ltd$.$ manufactures and sells mattresses to retailers across Canada. In $2024,$ Ivanhoe Sleeper signed a two$-$year

contract with Pharoah Ltd$.$ to supply it with $41,900$ mattresses at a price of $$103$ per unit. Ivanhoe Sleeper's cost to manufacture a

mattress is $$23.$ Ivanhoe Sleeper provides Pharoah with $30-$day credit terms from the date of delivery. The following schedule

summarizes the production, delivery, and payments in relation to the contract:

$($a$1)$

Your answer is incorrect.

Determine how much revenue Ivanhoe Sleeper would be able to recognize in $2024$ and $2025.$

Revenue recognized on $2024$ $

Revenue recognized on $2025$