Manhattan Industries has three operating divisions dep Construction Division, DeMent publishing Division, and ankiel securities division. Each division maintains its own accounting system and method of Revenue recognition. First Depp Construction Division during the fiscal year ended November 30th, 2014, Depp Construction Division had one construction project in process. A 30 million dollar contract for construction of a Civic Center was granted on June 19th, 2014, and construction began on August 1st, 2014. Estimated cost of completion at the contract date were 25 million dollars over a two-year time period from the date of the contract. On November 30th, 2014, construction cost of 7 million $200,000 had been incurred and progress Billings of 9 million $500,000 had been made. The construction cost to complete the remainder of the project were reviewed on November 30th, 2014, and were estimated to amount to only 16 million $800,000 because of an expected decline in raw materials cost. Revenue recognition is based upon a percentage of completion method. Dement Publishing Division publishing division sells large volumes of novels to a few book distributors, which in turn sell to several National chains of bookstores. DeMent allows Distributors to return up to 30% of sales, and distributor give the same terms to bookstores. While returns from Individual titles fluctuate greatly, their return from Distributors have averaged 20% in each of the last five years. A total of seven million dollars of paperback novel sales were made to Distributors during fiscal 2014. On November 30th, 2014 the end of the fiscal year, $1500000 of fiscal 2014 sales were still subject to return privileges over the next six months. The remaining five million $500,000 of fiscal 2014 sales had actual returns of 21%. sales from physical 2013 totaling 2 million dollars were collected in fiscal 2014 less 18% returns. This division records Revenue according to the method referred to as Revenue recognition when the right of return exists. Ankiel Securities division Ankiel Securities division Works through manufacturers agents in various cities. Orders for alarm systems and down payments are forwarded from Agents, and the division ships the goods f. O. B. Factory directly to customers usually the police departments and security guard companies. Customers are billed directly for the balance due plus actual shipping costs. The company received orders for six million dollars of goods during the fiscal year ended November 30th, 2014. Down payments of $600,000 were received, and five million $200,000 of goods were billed and shipped. Actual freight cost of $100,000 were also built. Commissions of 10% on product price are paid to manufacturing agents after goods are shipped to customers. Such goods are warranted for 90 days after shipment, and warranty returns have been about 1% of sales. Revenue is recognized at the point-of-sale by this division. (b) compute the revenue to be recognized in fiscal year 2014 for each of the three operating divisions of Van Hatton Industries in accordance with generally accepted accounting principles. First for depth Construction second for DeMent publish publishing division third for ankiel Securities division