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Ellen is the owner of an accrual - basis landscaping company. On October 1 of the current year, she sells three maintenance contracts, each beginning

Ellen is the owner of an accrual-basis landscaping company. On October 1 of the current year, she sells three maintenance contracts, each beginning on October 1.
3-month contract for $1,000
12-month contract for $8,000
36-month contract for $7,200
Ellen collects payment in full on each of the contracts on October 1.
How much revenue should Ellen report in year 2?

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