On January 16, 2017, JRT Company enters into a contract with Beowulf Industries to deliver office furniture. JRT manufactures the products and ships them to Beowulf on March 31, 2017. Beowulf takes possession of the goods on June 10, 2017. Assuming JRT Company has a March 31 year end and uses the contract-based approach to revenue recognition, on what date should JRT recognize revenue? Explain.