Macumber Corp. publishes a monthly magazine. On January 20, Year 1, it receives a check from a customer for a three-year subscription to the magazine, for $144. Macumber begins sending the magazines out in February, Year 1, and continues to send one per month through January, Year 4.

A. In January, Year 1, how much of the $144 payment should be considered revenue, and how much should be considered deferred revenue?

B. In February, Year 1, how much should be recognized as revenue?

C. After 11 months, at the end of December, Year 1, how much revenue would Macumber have recognized, in total, for this subscription?

D. After 11 months, at the end of December, Year 1, what is the deferred revenue balance from this subscription?
E. What is the deferred revenue balance at December 31, Year 2?
F. What is the deferred revenue balance at December 31, Year 3?