In the month of March the Chester Corporation received and delivered orders of 189,000 units at a price of $15.00 for revenue of $2.835mil for their product Cure. Chester uses the accrual method of accounting and offers 30 day credit terms. By the end of May Chester had collected payments of $2.835mil for the March deliveries. How much of the collected $2.835mil should Chester show on the March 31st income statement and how much on the May 31st income statement?

• $1.417mil in March; $1.417mil in May

• $2.835mil in March; $0 in May

• $0 in March; $2.835mil in May

• $0.936mil in March; $1.899mil in May