A Company Incurred the Following Costs and Received the Following

A company incurred the following costs and received the following collections from customers $\begin{array} { | l | l | l | } \hline & \text { Costs } & \text { Collections } \\\hline 2001 & \$ 120,000 & - 0 - \\\hline 2002 & 20,000 & \$ 80,000 \\\hline 2003 & 20,000 & 40,000 \\\hline 2004 & 10,000 & 100,000 \\\hline 2005 & - 0 - & 8,000 \\\hline\end{array}$ (a) If the company used the cost recovery method of revenue recognition, the income that should be recognized in 2003 is ___________________.
(b) If the cost recovery method continues to be used through 2004, the amount of 2004 income that should be recognized is ____________________.