The Orange Co. is an accrual-method, calendar year taxpayer in the business of distributing oranges. On November 1, 2009, Orange received an advanced payment of $48,000 for a two-year contract to provide 960 crates of oranges ($50 per crate). Orange provided 80 crates in 2009, 480 crates in 2010, and 400 crates in 2011. In its applicable financial statements, Orange reported $4,000 in 2009, $24,000 in 2010 and $20,000 in 2011 as gross revenues. How much of the $48,000 must Orange recognize for federal tax purposes in 2009, 2010 and 2011.