A customer signs a 12-month service agreement for $1,200. The agreement includes three months free at the beginning of the service period. The customer signed the agreement on January 1, 2024 and paid the full $1,200 up front. The term of the service agreement is from 04/01/2024 - 03/31/2025. The free service period begins the day of signing. Please answer the following questions: 1) What is the deferred revenue balance as of 12/31/2024? 2) What is the accounts receivable balance as of 01/31/2024? 3) How much revenue should be recognized in the month of August 2024