Larkspur Construction Company uses the percentage-of-completion method of accounting. In 2020, Larkspur began work under contract #E2-D2, which provided for a contract price of $2,197,000. Other details follow: osts incurred during the year Estimated costs to complete, as of December 31 Billings during the year Collections during the year 2020 2021 $646,570 $1,441,000 930,430 419,000 2,197,000 352,000 1,480,000 What portion of the total contract price would be recognized as revenue in 2020? In 2021? Revenue recognized in 2020 $ 179800 Revenue recognized in 2021 $ 579200 e Textbook and Media List of Accounts Assuming the same facts as those above except that Larkspur uses the completed-contract method of accounting, what portion of the total contract price would be recognized as revenue in 2021? Revenue recognized in 2021 5