LeMars Company signed a three year contract to perform consulting services for a local manufacturer on September 1, 2009. LeMars received $48,000 cash as an advance payment for these services and agreed the work would begin immediately.

The amounts of revenue that would appear on the 2009 and 2010 income statements would be?

The amounts of cash flow that would be on the 2009 and 2010 statements of cash flows would be?