During 20212021, BarronBarron Network, Inc., which designs network servers, earned revenues of $ 740$740 million. Expenses totaled $ 590 million.$590 million. BarronBarron collected all but $ 24$24 million of the revenues and paid $ 600$600 million on its expenses. Read the requirements LOADING... . Question content area bottom Part 1 Requirement a. Under accrual accounting, what amount of revenue should BarronBarron report for 20212021? How does the revenue principle help to answer this question? The amount of revenue that should be reported for the year in millions is $740 Part 2 How does the revenue principle help to answer this question? The revenue principle says to record revenue when it has been earned , regardless of when cash is collected . Therefore, the amount of revenue reported is what BarronBarron earned . Part 3 Requirement b. Under accrual accounting, what amount of total expense should BarronBarron report for 20212021? Which accounting principle helps to answer this question? The amount of total expense that should be reported for the year in millions is