In the Month of March, Chester Corporation received orders of 126 units at a price of $15.00 for their product Clack. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 84 units in March and the balance of 42 units in April. They received payment for 42 units in March, 42 units in April, and 42 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)

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.