In the month of March the Digby Corporation received and delivered orders of 196,000 units at a price of $15.00 for revenue of $2.940mil for their product Dug. Digby uses the accrual method of accounting and offers 30 day credit terms. By the end of May Digby had collected payments of $2.940mil for the March deliveries. How much of the collected $2.940mil should Digby show on the March 31st income statement and how much on the May 31st income statement?

Select: 1

	$0.970mil in March; $1.970mil in May
	$2.940mil in March; $0 in May
	$0 in March; $2.940mil in May
	$1.470mil in March; $1.470mil in May