A firm sold goods worth $90,000 in the current period. $40,000 was paid in cash in the current period, while $50,000 was recorded as Accounts Receivables. In the next fiscal period, the remaining $50,000 was paid in cash by the customers. Under Accrual Accounting, how much revenue is recognized in the current period, and how much revenue is recognized in the next period:

$0 in the current period, $90,000 in the next period

$40,000 in the current period, $50,000 in the next period

$90,000 in the current period, $0 in the next period

$50,000 in the current period, $40,000 in the next period