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5 Saved During 2022, Sigma Company earned service revenue amounting to $760,000, of which $620,000 was collected in cash; the balance will be collected in

5 Saved During 2022, Sigma Company earned service revenue amounting to $760,000, of which $620,000 was collected in cash; the balance will be collected in January, 2023. Also in 2022, there were collections of cash prior to the delivery of goods/services totaling $10,500. What amount should the 2022 income statement report for service revenue? Multiple Choice

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