Question 16 0/1 point Sanjeev enters into a contract offering variable consideration. The contract pays him $1.000/month for six months of continuous consulting services. In addition, there is a 60% chance the contract will pay an additional $2,000 and a 40% chance the contract will pay an additional $3.000, depending on the outcome of the cansulting contract. Sanjeev conclludes that this contract qualifies for revenue recognition over time. Assume Sanieey estimates variable conslderation as the most likely amount. What is the amount of revenue Sanjeev would recORnize for the first month of the contract? $1.000 i$1.333 $1,400 $1.200