Wilco Inc. uses the percentage of completion method to recognize revenues. In 2022. Wilco enters into a $21 million construction contract with Seminole Corporation. Wilco expects construction will take 4 years to complete. On December 31, 2022, Wilco reports the following regarding the Seminole construction project: Progress Billings Costs Incurred Collections Est. Remaining Costs Est. Remaining Time $2,000,000 $3,000,000 $1,750,000 $15,000,000 36 months (3 years) How much revenue should Wilco recognize on December 31, 2022? O $2,000,000 O $20,000,000 O $3,500,000 O Some other answer O $5,000,000