Evan Corporation provided consulting services for Kensington Company in Year 1. Evan incurred costs of $180,000 associated with the consulting and billed Kensington $270,000. Evan paid $120,000 of its costs in Year 1 and the remaining $60,000 in Year 2. Evan received $135,000 of its billing in Year 1. Kensington paid the remaining $135,000 in Year 2. Evan reports on the accrual basis of accounting.

How much is Evans Year 1 and Year 2 profit related to the Kensington consulting?

Year 1 $Answer Year 2 $Answer