Exhibit 18-3 on January 1, 2010, Dunedin Co In 2010, the Repair Bay Was Used 180 Times and at $500

Multiple Choice

Exhibit 18-3 On January 1, 2010, Dunedin Co.sold 100 contracts at $500 each.Each contract permitted the buyer to use a repair bay six times and a paint bay nine times.
Additional information:
$\begin{array} { l l l } \text { Initial direct costs } & \$ 5,000 & \\\text { Annual indirect costs } & 1,000 & \\\text { Direct cost per service act: } & & \\& \text { Repair } & 30 \\& \text { Paint } & 20\end{array}$
In 2010, the repair bay was used 180 times and the paint bay was used 162 times.
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Refer to Exhibit 18-3.How much revenue should be recognized by Dunedin in 2010?

A) $12, 000
B) $17, 100
C) $25, 000
D) $50, 000