14. Jones enters into a contract offering variable consideration. The contract pays is a $1,000/month for six months of continuous consulting services. In addition, there will 60% chance the contract will pay an additional $2,000 and a 40% chance the contract pay an additional $3,000 depending on the outcome of the consulting contract. Jones concludes that this contract qualifies for revenue recognition over time. Assume Jones Estimates variable consideration as the expected value. What is the amount of revenue Jones would recognize for the first month of the contract? a. $1,000 b. $1,333 c. $1,400 d. $1,200