26

(107) Through consignment sales. Business Weekly provides retailers with a 50% margin (or 100% markup) on its magazines. The retail price is $6 per copy. During 2021, the company distributed 1.950,000 copies to retailers. Retailers sent a total of 830.000 unsold copies back to the publisher, of which 35,000 copies were for the last two issues published in 2020. In January 2022, the company received 32.000 unsold copies for magazines published in the last weeks of December 2021. Required (10 marks): Determine the amount of revenue from non-subscription sales Business Weekly should recognize in 2021. BI U e insert code KA