In spring of this year, parmac engineering company signed a $192 million contract with the city of parkersburg, to construct a new city hall. Parmac expects to construct the building within two years and incur expenses of $144 million. The city of parkersburg paid $48 million when the contract was signed, $96 million within the next six months, and the final $48 million exactly one year from the signing of the contract. Parmac incurred $58 million in costs during the year and the rest in the following year to complete the contract on time. Using the cost-to-cost method how much revenue should parmac recognize in the current year?.