Seasons 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 $1550000 each quarter. The total contract price is $18600000 and Seasons estimates total costs of $17750000. Seasons estimates that the building will take 3 years to complete, and commences construction on January 2, 2021. At December 31. 2022. Seasons Construction estimates that it is 75% complete with the building: however, the estimate of total cost to be incurred has risen to $18000000 due to unanticipated price increases. Seasons Construction completes the remaining 25% of the building construction on December 31, 2023, as scheduled. At that time the total costs of construction are $18750000. What is the total amount of Revenue from Long-Term Contracts and Construction Expenses that Seasons will recognize for the year ended December 31,2023 ? Reyenue Expenses $18600000$18750000 $4650000$ $4650000$5250000 $4687500$4687500