In the Month of March, Baldwin received orders of 186 units at a price of $15.00 for their product Best, and in April receives an order for 47 units of their product Best at $15.00. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 0 units in March, 186 units in April and 47 units in May. They received payment for 186 units in April, and payment for 47 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)
- $3,488 , 0
- 0, $2,790
- $1,163, $1,163
- $2,790 , $698