Consider the following transactions for the publishers of Mobile Home Improvement. This magazine is produced monthly and sold on newsstands and to annual subscribers.

1, Mobile Home Improvement received cash for 100 two-year subscriptions

($48 each) and 3,000 one-year subscriptions ($36 each).

2, Mobile Home Improvement sold 30,000 copies of the January issue to newsstand vendors at $1.50 each and received payment.

3, In February, the same vendors ordered and received 30,000 copies, but payment was not received until March.

4, In March, the same vendors ordered and received 30,000 copies, but payment was not received until April.

5, In addition, in March, a new vendor placed a standing order for 40,000 copies for each month for the rest of year. The vendor paid in advance for one month’s supply, which is to be kept on deposit to reflect the purchase commitment. In return, the publishers of Mobile Home Improvement reduced the purchase price by 10 cents per copy. The publishers shipped March’s 40,000 copies to the vendor on account.

Required:

Determine the amount of revenue that should be recorded on an accrual basis in each circumstance.