TreeHold Corp, designs and builds custom harvesting equipmert for logeing companies across Canada. The comparyy, which is publicly traded, has a May 31 year end. On February 18, 2020. Tree. Hold signed a contract with Coastal Harvesting Ldt, to design and build 25 custom harvesters that can harvest wood at the steep grades found along much of the Pacificcoast timber stands induded in Cosstar's harvesting leases. The following events took place in 2020 in relation to the contract: 1. February 18: Officials from IreeHold and Coastal sign the contract. The contract was for \\( \\$ 4,429,000 \\) rreehoid is tadesign, manufacture, and deliver the 25 machines to Coastal's operations centre in Duncan British Columbia. TreeHold's management estimates that the design component of the contract would be valuad at \\( \\$ 498.108 \\) if contracted for separately. while the machine construction component of the contract would ba valued at \\( \\$ 4,337,892 \\) if the machine were purchased separately. TreeHold agrees to provide a three year assurance- type warranty for the machines, and the comparys management estimates that the warranty claims would total \\( \\$ 209.000 \\) based on past experience Coastal agrees topaya \\( \\$ 1,237,000 \\) deposit within 10 days of signing the contract and to piy the balance within is days of the equipment beisis: delivered. 2. February 25: Coastal pays the deposit specified in the contrace 3. March 28: TreeHold's engincering staff complete the cquipment design and it is approved by officials from Coastal. 4. May 18; Treetfold completes construction of the 25 harvesters: 2. February 25: Coastal pays the deposit specified in the contract. 3. March 28: TreeHold's engineering staff complete the equipment design and it is approved by officials from Coastal. 4. May 18: TreeHold completes construction of the 25 harvesters. 5. May 20: The 25 harvesters are loaded onto TreeHold's trucks and are delivered to Coastal's operation centre in Duncan later that day. 6. June 2: Coastal pays the balance owing on the contract. Determine when and how much revenue TreeHold would be able to recognize for the year ended May 31, 2020. (Round allocation percentage to 1 decimal place, es. 15.2\\% and final answers to O decimal places, es. 125.) Revenue recognized on Revenue recognized on Reveniosecarivied an Rerthue recogipied of