Blossom 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 S2050000 each quarter. The total contract price is $19140000 and Blossom estimates total costs of 518250000, Blossom estimates that the building will take 3 years to complete and commences construction on January 2 2021 At December 31, 2021, Blossom estimates that it is 40% complete with the construction, based on costs incurred. What is the total amount of Revenue from Long-Term Contracts recenized for 2021 and what is the balance in the Accounts Receivable account assuming Cannon Company has not yet made its last quarterly payment? Revenue Accounts Receivable 57300000 $6380000 $6380000 $6380000 $7656000 52050000 $7300000 $2050000