A country club charges its members $15,000 per year for full rights to use the club, which includes access to dining facilities, tennis courts, two golf courses, and the swimming pool. The club operates with a fiscal year ending June 30. The annual fee is automatically collected from all members on July 1 of each year and covers the upcoming period July 1June 30. With 350 members as of June 30, Year 3, what amount of Year 4 revenue will be reflected on the interim Year 4 income statement through December 31?

1. $437,500
2. $2,625,000
3. $4,812,500
4. $5,250,000