ocelyn Corporation received an advanced payment of $90,000 in 2017 from Redman Company for consulting services. Jocelyn performed two-thirds of the consulting services in 2017 and the remainder in 2018. Jocelyn reports its operating results using the accrual basis of accounting. How much revenue from this consulting project will Jocelyn report on its Income Statement in 2017?

Select one:

A. $45,000

B. $90,000

C. $60,000

D. $30,000