On October 1, 2018, Acme Fuel Co. sold 100,000 gallons of heating oil to Sparky Co. at $3 per gallon. Fifty thousand gallons were delivered on December 15, 2018, and the remaining 50,000 gallons were delivered on January 15, 2019. Payment terms were 50% due on October 1, 2018, 25% due on first delivery, and the remaining 25% due on second delivery. What amount of revenue should Acme recognize from this sale during 2019?
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