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On October 1, 2003, Acme Fuel Co. sold 100,000 gallons of heating oil to Karn Coats3 per rallon. Fifty thousand gallons were delivered on December

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On October 1, 2003, Acme Fuel Co. sold 100,000 gallons of heating oil to Karn Coats3 per rallon. Fifty thousand gallons were delivered on December 15, 2003, and the remaining 50,000 gallons were delivered on January 15, 2004. Payment terms were 50% due on October 1, 2003, 25% due on first delivery, and the remaining 25% due on second delivery. What amount of revenue should Acme recognize from this sale during 2003? 1024 100,00

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