On January $1,2022$ Grant Corporation received a cash payment from its customer, Tucker Corporation. The payment amount was $$400,000$ and was a down payment for consulting work Grant was to perform for Tucker later in $2022.$ The total value of the consulting work to be performed by Grant for Tucker was estimated to be $$1,000,000.$ From March $1,$ through March $20,2022,$ a consulting employee of Grant, Sharon Smith who earns $$200\mathrm{.}00$ per hour as a consultant, performed $160$ hours of consulting services to Tucker. Grant billed Tucker $$54,400$ for the consulting work performed by Sharon Smith. From June $1$ through August $24,2022,$ Debbie Williams who earns $$150$ per hour as a consultant for Grant Corporation, work $205$ hours providing consulting services to Tucker. Grant billed Tucker $$45,000$ for the work preformed by Debbie Williams. How much revenue should Grant recognize for the services it provided to Tucker for the year ended December $31,2022.$

Group of answer choices

$$99,400.$

None of the answer selections are correct.

$$62,750.$

$$400,000.$

$$1,000,000.$