In the month of March the Chester Corporation received and delivered orders of 124,000 units at a price of $15.00 for revenue of $1.860mil for their product Camp. Chester uses the accrual method of accounting and offers 30 day credit terms. By the end of May Chester had collected payments of $1.860mil for the March deliveries. How much of the collected $1.860mil should Chester show on the March 31st income statement and how much on the May 31st income statement?

Select: 1

	$0.614mil in March; $1.246mil in May
	$0 in March; $1.860mil in May
	$0.930mil in March; $0.930mil in May
	$1.860mil in March; $0 in May