Forte Hotel is located in Northern Canada and has a December 31st year end. It primarily provides long-term hotel rooms to employees working in the remote region. It has signed a contract with TOD Oil Co. to provide a room to an employee for the months of December and January for $5,000 to be paid at the end of the contract. How much revenue will it record at December 31?

Select one:

a. $0

b. $5,000

c. $2,000

d. $2,500