On January 1, 2021, Wooten Technology Associates sold computer equipment to the Denison Company. Delivery was made on January 1, 2021, but payment for the equipment of $13,200 is not due until December 31, 2021. Assuming that Wooten views the tim value of money to be a significant component of this transaction and that an 10% interest rate is applicable. (FV of $1. PV of $1. FVA $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) How much sales revenue would Wooten recognize on January 1, 2021? (Round your final answer to nearest whole dollar amount.) Sales Tevond As of December 31, 2021. Cady Construction has one construction job for which the construction in progress (CIP) account has a balance of $49.000 and the billings on construction contract account has a balance of $20,000. Cady has another construction job for which the construction in progress account has a balance of $9.000 and the billings on construction contract account has a balance of $12,000 Indicate the amount of contract asset and/or contract liability that Cady would show in its December 31, 2021, balance sheet. Job Contract Asset or Contact Liability Amount Job 1 Job 2 $ $ CIP Billings 49,000 $ 20.000 9,000 $ 12,000