On December 31, Year 1, a company signed a one-year contract to provide services to a particular customer for $12,000. The customer will pay for the services during January Year 2. Using accrual accounting, when should the company recognize revenue relating to the contract? on December 31, Year 2, after all services have been provided throughout Year 2, as the revenue is earned in January Year 2, when the cash is received on December 31, Year 1, when the contract is signed