ABC Corporation, a cash basis calendar year taxpayer, sells its services under 18-month, 36-month, and 48-month contracts. All contracts require full payment in advance on the date of sale of the contract. The services are not for prepaid rent or interest. The Corporation provides services to each customer every month. On July 1, 2018, ABC Corporation sold the following customer contracts:

Length of Contract	Total Proceeds
18 months	$36,000
36 months	$72,000
48 months	$96,000

How much of this revenue does ABC Corporation realize in 2019?

$168,000 $36,000 $12,000 None of the other choices are correct. $204,000 $24,000 $180,000