Scenario 1: During 2021, IBM provides consulting services on its mainframe computer for $10,500 on account. The customer does not pay for those services until 2022 Scenario 2: On January 1, 2021. Gold's Gym sells a one-year membership for $1,085 cash Normally, this type of membership would cost $1,550, but the company is offering a 30% New Year's Resolution discount Scenario 3: During 2021, The Manitowoc Company provides shipbuilding services to the U.S. Navy for $375,000. The US Navy will pay $125,000 at the end of each year for the next three years, beginning in 2021 Scenarlo 4: During 2021 Goodyear sells tres to customers on account for $29,500. By the end of the year, collections total $25,000 At the end of 2022, it becomes apparent that the remaining $4,500 will never be collected from customers Required: For each scenario, calculate the amount of revenue to be recognized in 2021 Revenue recognized in Scenario 1 Scenario 2 Scenario 3 Scenario 4