Oriole Construction is constructing an office building under contract for Cannon Company and uses the percentage of completion method. The contract calls for progress Brings and payments of $1100000 each quarter. The total contract price is $18114000 and Oriole estimates total costs of $17300000 Oriole estimates that the building will take years to complete, and commences construction on January 2, 2018 At December 31, 2018, Oriole estimates that it is 40% complete with the construction, based on costs incurred. What is the total amount of Revenue from Long-Term Contracts recognized for 2018 and what is the balance in the Accounts Receivable account assuming Cannon Company has not yet made its last quarterly payment? Revenue Accounts Receivable $7245600 $1100000 $6920000 $6038000 Oooo $6038000 $6920000 $1100000