Sarasota Construction Company uses the percentage$-$of$-$completion method of accounting. In $2020,$ Sarasota began work under

contract with a contract price of $$1,470,000.$ Other details follow:

$($a$)$

What portion of the total contract price would be recognized as revenue in $2020?ln2021?$

Revenue recognized in $2020,$$

Revenue recognized in $2021,$$