Alex Rodriguez Inc . a publishing company, is preparing its December 31.2010 financial statements and must determine the proper accounting treatment for the following situations. Rodriguez sells subscriptions to several magazines for a 1-year. 2-year, or 3 year period Cash receipts from subscribers are credited to magazine subscriptions collected in advance and this account had a balance of $2, 300,000 at December 31. 2010 Outstanding subscriptions at December 31. 2010. expire as follows During 2011-$600.000 During 2012-500.000 During 2013-800,000 Prepare the journal entry that should be recorded as of December 31. 2010