In the month of March the Baldwin Corporation received and delivered orders of 156,000 units at a price of $15.00 for revenue of $2.340mil for their product Baker. Baldwin uses the accrual method of accounting and offers 30 day credit terms. By the end of May Baldwin had collected payments of $2.340mil for the March deliveries. How much of the collected $2.340mil should Baldwin show on the March 31st income statement and how much on the May 31st income statement?

Select: 1

	$1.170mil in March; $1.170mil in May
	$0 in March; $2.340mil in May
	$2.340mil in March; $0 in May
	$0.772mil in March; $1.568mil in May