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Sheridan sells prepaid telephone cards to customers. Sheridan then pays the telecommunications company, TeleExpress, for the actual use of its telephone lines related to the
Sheridan sells prepaid telephone cards to customers. Sheridan then pays the telecommunications company, TeleExpress, for the actual use of its telephone lines related to the prepaid telephone cards. Assume that Sheridan sells 3,700 of prepaid cards in January 2022. It then pays TeleExpress based on usage, which turns out to be 50% in February, 30% in March, and 20% in April. The total payment by Sheridan for TeleExpress lines over the 3 months is 2,980. Indicate how much income Sheridan should recognize in January, February, March, and April. (If answer is 0, please enter O. Do not leave any fields blank.) January income 0 February income March income April income
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