On November 1, 2024, Rockwood Co. signed a one-year contract to provide handyman services on an as-needed basis to King Associates, with the contract to start immediately. King agreed to pay Rockwood $4,800 for the one-year period. Rockwood is confident that King will pay that amount, but payment is not scheduled to occur until 2025. Rockwood should recognize revenue in 2024 in the amount of
Group of answer choices
$0
$800
$2,400
$4,800
None of these.