Your firm sells industrial equipment and recognizes revenue in accordance with GAAP. The December 31, 2020 year-end is quickly approaching, and your commission is computed at a rate equal to 10 percent of sales. You know that in January 2021, your best customer, a strong firm with no payment problems, is going to release a $3.5 Million purchase order for previously quoted equipment. You feel since you did all the work in 2020, the sale should be recognized in 2020 and included in your 2020 commission computation. Your customer sends their truck to your location and picks up the equipment on December 31, 2020. After taking out a loan and spending your anticipated commission on your New-Years vacation, a new car and a vacation condo, and you return to work in January only to learn the that firms financial VP refused to record any revenue related to the December 31 shipment and will pay no commission related to that sale. Explain in a few sentences why, under GAAP, no revenue was recorded.