In the month of March the Digby Corporation received and delivered orders of 152,000 units at a price of $15.00 for revenue of $2.280mil for their product Dixie. Digby uses the accrual method of accounting and offers 30 day credit terms. By the end of May Digby had collected payments of $2.280mil for the March deliveries. How much of the collected $2.280mil should Digby show on the March 31st income statement and how much on the May 31st income statement?

Select 1:

A) $2.280mil in March;

$0 in May

B) $1.140mil in March;

$1.140mil in May

C) $0.752mil in March;

$1.528mil in May

D) $0 in March;

$2.280mil in May