On 12/1/20 your company signs a contract to provide consultancy services for 8 months to a customer, who paid $300.000 immediately for the entire contract. Moreover, if your company will reach a specific performance target, the customer will pay additional $100.000 at the end of the contract. You estimate a 70% likelihood that you will reach the target. Assume your company adopts the expected value method. Which of the following statements are true? (select all that apply - i.e., just one or as many as all of them) The journal entries recorded on 12/1 do not modify the current ratio The journal entries recorded on 12/1 do not modify the 2020 net income On 12/1, a liability account is credited for 300,000 On 12/1, an income statement account is credited for 300,000 The journal entries recorded on 12/31 increase the current ratio On 12/31, total assets increase by 8,750 On 12/31, Revenue is credited for 12,500 On 12/31, Revenue is credited for 46,250