On December 1, 20X1, your calendar year firm receives $12,000 in advance for work to be performed evenly over the next 12 months. Under the cash and accrual methods, respectively, this revenue will be reported on the 20X1 income statement as:

a. $1,000 and $1,000

b. $12,000 and $12,000

c. $1,000 and $12,000

d. $12,000 and $1,000