Scott's Car Storage rents storage space for customers' cars during the winter months. The service costs $600 per car for the six-month period of October through March, with payment due up-front. Assume revenue qualifies to be recognized over a period of time. In its first year of business, Scott's rents out and collects payment for 15 spaces in October, how much rent revenue will be recorded for the first year assuming a December 31 year end?

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