96) The Fremont (Ireland) Flyers were a semi-professional carriage racing team that competed up until the early 1930's. Mary Smith owns the Fremont Fliers' trademark, and recently licensed to use the trademark for five years for a total of $15,000. Under U.S. GAAP, how much revenue would Mary recognize in year 1 of the license? A) $O B) $1,500 C) $3,000 o) $15.000