On June 1 of Year 1, Company A signed a contract to do a large consulting job beginning on June 1 of Year 1 and extending for 20 months. The total amount of the consulting contract is $120,000. The consulting services are to be performed evenly during the 20-month period. Company A received $5,000 in cash at the beginning of this contract on June 1. On December 31 of Year 1, Company A received an additional $10,000 as partial payment for this contract; the remainder will be received at the end of the contract. --What amount will be reported in Company As balance sheet on December 31 of Year 1 for Accounts Receivable with respect to this consulting contract?

A. $57,000

B. $42,000

C. $105,000

D. $15,000

E. $27,000