In the month of March the Chester Corporation received and delivered orders of 192,000 units at a price of $15.00 for revenue of $2.880mil for their product Cone. Chester uses the accrual method of accounting and offers 30 day credit terms. By the end of May Chester had collected payments of $2.880mil for the March deliveries. How much of the collected $2.880mil should Chester show on the March 31st income statement and how much on the May 31st income statement? Select: 1 Save Answer $1.440mil in March; $1.440mil in May $2.880mil in March; $0 in May $0 in March $2.880mil in May $0.950mil in March: $1.930mil in May