Your company produces a sports magazine. In 2020, its first year in operation, it sold $169,000 of one-year subscription

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answerhappygod
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Your company produces a sports magazine. In 2020, its first year in operation, it sold $169,000 of one-year subscription

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Your company produces a sports magazine. In 2020, its first yearin operation, it sold $169,000 of one-year subscriptions, of whichonly 60% had expired by December 31, 2020. In 2021, it sold$659,000 of one-year subscriptions of which only 55% had expired byDecember 31, 2021. Given the above information, how much revenuewould be shown on the companys january to december 2021 incomestatement?
a. $265,300
b. $416,700
c. $430,050
d. $562,700
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