Carter inc. signs a contract with Luscious Pig Catering Corp. on June 1 in which Luscious Pig agrees to cater a summer office party on July 1 for Carter for a total of $25,000. Carter is to make an advance payment of $5,000 and will be billed for the balance on July 1, with 30 days to pay. Assuming both parties follow the terms of the contract and Carter pays $20,000 on July 15 , when and how much revenue can Luscious Pig recognize from this project? Select one: a. b. c. d