On October 1, 2016, Acme Fuel Co, sold 100,000 gallons of heating oil to Sparky Co, at $3 per gallon. Fifty thousand gallons were delivered on December 15, 2016, and the remaining 50,000 gallons were delivered on January 15,2017 . Payment terms were 50% due on October 1,2016,25% due on first delivery, and the remaining 25% due on second delivery. What amount of revenue should Acme recognize from this sale during 2017? $150,000 $225,000 $300,000 $75,000