n the month of March the Digby Corporation received and delivered orders of 189,000 units at a price of $15.00 for revenue of $2.835mil 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 $2.835mil for the March deliveries. How much of the collected $2.835mil should Digby show on the March 31st income statement and how much on the May 31st income statement?

Select: 1

$0.936mil in March; $1.899mil in May

$1.417mil in March; $1.417mil in May

$2.835mil in March; $0 in May

$0 in March;

$2.835mil in May