Evan Corporation provided consulting services for Kensington Company in 2015. Evan incurred costs of $48,000 associated with the consulting and billed Kensington $72,000. Evan paid $32,000 of its costs in 2015 and the remaining $16,000 in 2016. Evan received $36,000 of its billing in 2015. Kensington paid the remaining $36,000 in 2016. Evan reports on the accrual basis of accounting. How much is Evan's 2015 and 2016 profit related to the Kensington consulting?
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