1. Long-term debt had a beginning cr balance of $120000 at the beginning of the month. During the month, long-term debt was debited $25000 and credited $48000. What is the balance of long-term debt at the end of the month?

2.

Hawks News Inc. sells a monthly magazine called "The Hawk". Hawks News Inc. has chosen a December 31 fiscal year end and began operations in 2020. During the year ended December 31, 2020 Hawks News Inc. received customer subscription payments as follows:

Subscriptions for the period October 2020-September 2021 $ 5040

Subscriptions for the period November 2020-October 2021 $ 9540

Subscriptions for the period December 2020-November 2021 $ 8520

Hawks News Inc. delivered the magazine subscriptions for October, November and December. Calculate the amount of unearned subscriptions revenue at December 31, 2020. Round your answer to the nearest dollar.