Please answer both parts (:

Use the information below to answer questions 1 and 2:

High Company contracted on November 1, 2021, to sell 100 refrigerators to Low Inc., a building contractor, at $1,200 per refrigerator. Delivery of the refrigerators will be made between November 2, 2021, and January 31, 2022. After delivering 65 refrigerators in November, High and Low agreed to modify the contract to include the delivery of an additional 50 refrigerators at a price of $1,100 per refrigerator. The additional refrigerators will be delivered after January 31, 2022. By the end of 2021, a total of 90 refrigerators had been delivered. By contract, Low pays for the refrigerators in the month after delivery.

1. Assuming the contract modification meets the two conditions for a separate contract, which of the following statements is correct?

1. Highs accounts receivable from Low at December 31, 2021 is $30,000.
2. Highs revenue from the sale of refrigerators to Low for 2021 is $108,000.
3. A and B.
4. Neither A nor B.

2. Assuming the contract modification does not meet the two conditions for a separate contract, which of the following statements is correct.

1. Total revenue to be earned under the new contract is $97,000.
2. Highs revenue from the sale of refrigerators to Low for 2021 is $106,529 (rounded).
3. A and B.
4. Neither A nor B