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Sanjeev enters into a contract offering uncertain consideration. The contract pays him $1,000/month for six months...

Sanjeev enters into a contract offering uncertain consideration. The contract pays him $1,000/month for six months of continuous consulting services. In addition, there is a 60% chance the contract will pay an additional $2,000 and a 40% chance the contract will pay an additional $3,000, depending on the outcome of the consulting contract. Sanjeev estimates uncertain consideration using the most likely amount. What is the amount of revenue Sanjeev would recognize for the first month of the contract?

A. $0.

B. $1,000.

C. $1,333.

D. $1,400.

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