Wiley Company enters into a contract with Murphy, Inc. on March 5. According to the contract, Wiley is scheduled to deliver 100 units of Product 1 at a sales price of $60 per unit and 150 units of Product 2 to Murphy, Inc. by June 30 at a sales price of $75 per unit. Wiley agrees to deliver both Products 1 and 2 before being entitled to any payments. The following deliveries are made by Wiley to Murphy: On March 25, Wiley delivers 100 units of Product 1. On June 20, Wiley delivers 150 units of Product 2. What amount(s) relating to this contract should Wiley report on its March 31 balance sheet? $6,000 Contract Asset and $11,250 Unearned Revenue. $6,000 Accounts Receivable. $6,000 Contract Asset. $6,000 Contract Asset and $6,000 Accounts Receivable