On November 1, 2014, X Company billed a customer $2,000 for services performed in 2014. Payment was due within 30 days, but the customer did not pay until January, 2015. X's fiscal year- end is December 31st. Following accrual accounting, X should recognize revenue for this transaction: . 1. In 2015. 2. In 2014. . 3. Half in 2014, half in 2015. 4. Cannot be determined from the information given. . O 1 3 o O O