Question 41 (3 points) Super Clubs Hotels, Inc. has signed a service outsourcing contract with Quality Rooms, Inc. for $3 million, which was received in cash at contract inception. Under the agreement, Quality Rooms is obligated to clean and prepare over 5,000 hotels rooms managed by Super Clubs on a daily basis from September 1, 2020 to August 31, 2021 Required: Prepare any journal entry that Quality would record: (1) at inception of the contract and (2) at the end of 2020 to recognize all revenue associated with this contract that should be recognized in 2020