On April 1, 2018, Siddhi entered into a 2-year contract to oversee leasing and maintenance for an apartment building. The contract starts on April 1, 2018. Under the terms of the contract, Siddhi will be paid a fixed fee of $60,000 per year and will receive an additional 10% of the fixed fee at the end of each year provided that building occupancy exceeds 85%. Heather estimates a 40% chance it will exceed the occupancy threshold and concludes the revenue recognition over time is appropriate for this contract. Assume Siddhi estimates variable consideration as the expected amount. How much revenue should Siddhi recognize on this contract in 2018? A. $40,000 B. $46,800 C. $60,000 D. $62,400 A m C