Match each of the following items to each of the steps 1 through 5 in the revenue recognition process.

Group of answer choices

The price for performing a federal tax return is $200 and a state tax return is $100 if contracted separately.

[ Choose ] Step 3 Step 5 Step 2 Step 1 Step 4

Tax Prep Inc. will prepare the year-end federal tax return and state tax return for Customer Y.

[ Choose ] Step 3 Step 5 Step 2 Step 1 Step 4

The total price for the year-end tax preparation is $300.

[ Choose ] Step 3 Step 5 Step 2 Step 1 Step 4

Customer Y enters into an agreement with Tax Prep Inc for Tax Prep Inc. to prepare Customer Y's federal and state tax returns.

[ Choose ] Step 3 Step 5 Step 2 Step 1 Step 4

The federal and state tax returns are completed and approved by Customer Y.