In the month of March the Baldwin Corporation received and delivered orders of 148,000 units at a price of $15.00 for revenue of $2.220mil for their product Bell. Baldwin uses the accrual method of accounting and offers 30 day credit terms. By the end of May Baldwin had collected payments of $2.220mil for the March deliveries. How much of the collected $2.220mil should Baldwin show on the March 31st income statement and how much on the May 31st income statement?

Select:

A.$0.733mil in March;

$1.487mil in May

B.$2.220mil in March;

$0 in May

C.$0 in March;

$2.220mil in May

D.1.110mil in March;

$1.110mil in May