Sunland Construction enters into a contract with a customer to build a warehouse for $1010000 on March 30, 2018 with a performance bonus of $40000 if the building is completed by July 31, 2018. The bonus is reduced by $8000 each week that completion is delayed. Sunland commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by July 31, 2018 August 7, 2018 August 14, 2018 August 21, 2018 Probability 70% 20% 5% 5% Using the expected value approach, the transaction price for this transaction is $735400 $1010000 $1046400 O $743400 Oriole Construction is constructing an office building under contract for Cannon Company and uses the percentage-of-completion method. The contract calls for progress billings and payments of $1700000 each quarter. The total contract price is $18762000 and Oriole estimates total costs of $17900000. Oriole estimates that the building will take 3 years to complete, and commences construction on January 2, 2018. At December 31, 2018, Oriole estimates that it is 20% complete with the construction, based on costs incurred. What is the total amount of Revenue from Long-Term Contracts recognized for 2018 and what is the balance in the Accounts Receivable account assuming Cannon Company has not yet made its last quarterly payment? Revenue Accounts Receivable $6254000 $6254000 $3580000 $1700000 $3752400 $1700000 $3580000 $6254000