Mary signed up and paid $1200 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplet's accounting records would indicate: A) $400 of revenue, $800 of accounts receivable B) $400 of revenue, $800 of deferred revenue C) $1,200 of revenue, $1,200 of cash D) $800 of revenue, $400 of accounts receivable 7. 8. Rothbart Manufacturing agrees to manufacture bumper cars for 12 Banners Amusement Parks. Under the terms of the contract, 12 Banners will pay Rothbart a total of $60,000. and 12 Banners can cancel the contract if it so chooses but must pay Rothbart for worlk completed. Rothbart believes that, if 12 Banners cancelled the contract, Rothbart could sell the bumper cars to another amusement park and still make a profit. The manufacturing contract is expected to last six months, and as of December 31, 2018, the job is 80% complete. How much revenue should Rothbart recognize in 2018 for this contract? A) $O B) $12,000 C) $48,000 D) $60,000