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In the month of March the Digby Corporation received and delivered orders of 181,000 units at a price of $15.00 for revenue of $2.715mil for

In the month of March the Digby Corporation received and delivered orders of 181,000 units at a price of $15.00 for revenue of $2.715mil for their product Drum. Digby uses the accrual method of accounting and offers 30 day credit terms. By the end of May Digby had collected payments of $2.715mil for the March deliveries. How much of the collected $2.715mil should Digby show on the March 31st income statement and how much on the May 31st income statement?
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$0.896mil in March; $1.819mil in May
$1.357mil in March; $1.357mil in May
$2.715mil in March; $0 in May
$0 in March; $2.715mil in May

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