Colbert operates a catering service on the accrual method. In November of year 1 Colbert received a payment of $9,000 for 18 months of catering services to be rendered from December 1 st of year 1 through May 31 st year 3. When must Colbert recognize the income if his accounting methods are selected to minimize income recognition?

A. $500 is recognized in year 1, $6,000 in year 2, and $2,500 in year 3.

B. $500 is recognized in year 1 and $8,500 in year 2.

C. 9000 is recognized in year 3

D. 2500 recognized in year 1, 6500 in year 2

E. 9000 recognized in year 1