The Polar Bears ice hockey team sells season tickets and collects the cash in October at the beginning of the season. The team collected $112,500 cash for season tickets. The season starts in November and season tickets are for 40 games. In December, the team played 8 games.

How much revenue should be recognized at the end of December?

Select one:

A. $112,500

B. $ 12,500

C. $ 52,500

D. $ 22,500