City Fun Company of Canton, Ohio, publishes a monthly magazine featuring local restaurant reviews and upcoming social, cultural, and sporting events. Subscribers pay for subscriptions either one year or two years in advance. Cash received from subscribers is credited to an account called Magazine Subscriptions Received in Advance. On December 31, 20x3, the end of the company's fiscal year, the balance of this account was $1,000,000. Expiration of subscriptions revenue is as follows:

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During 20x3 $200,000 During 20x4 500,000 During 20x5 300,000