Gomez Company collected $$24,000$ on September $1,$ Year $1$ from a customer for services to be provided over a one$-$year period beginning on that date. How much revenue would Gomez Company report related to this contract on its income statement for the year ended December $31,$ Year $1?$ How much would it report as cash flows from operating activities for Year $1?$

Multiple Choice

Revenue of $$8,000$; Cash flow from operating activities of $$24,000.$

Revenue of $$8,000$; Cash flow from operating activities of $$8,000.$

Revenue of $$24,000$; Cash flow from operating activities of $$24,000.$

Revenue of $$0$; Cash flow from operating activities of $$24,000.$