1. Applying the five steps framework for revenue recognition discussed in class, show how would Ramses II Industries account for the revenue on a monthly basis in both contracts. You need to support any of your suggestions calculations with clear references to the FASB Codification. The Codification can guide you through the process of recognizing the revenue over the time periods covered by both contracts. Hint: there are several appropriate ways to allocate revenue in both contracts. The more valid ways you can think of allocating revenue, the better grade you will earn