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Exercise 8- Ivanhoe Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cast $15 per year. During November 2017, lvanhoe sels 16,000 December issue. Ivanhoe prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unesmed omework Revenue. The company has a December 31 year-end Prepare a tabular summary to record the following events. (a) Receipt of the subscriptions in November. (b) Adjustment at December 31, 2017, to record subscription revenue in December 2017 tem that was reduced.) Nov. Dec. 31