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In January 2020, a private foundation agrees to match all private cash contributions up to $1.5 million received by a city-owned museum during its 2020 fund drive. In 2020, the museum receives $1 million in private cash contributions. Therefore, the foundation pays the following to the city: ' $400,000 in 2020. * $300,000 in January, 2021. ' $200,000 in February, 2021. ' $100,000 in March, 2021. Pertaining to these cash contributions made by the private foundation, for calendar year 2020, how much revenue should the city recognize in its 2020 fund nancial statements