Amazon.com, Inc., a global e-commerce giant, applies the accrual method in its financial reporting practices. In 2023, Amazon sold subscription services to customers for $200 million. However, Amazon recognizes revenue over the subscription period. By the end of 2023, $50 million of the subscription revenue had been earned. Determine the amount of subscription revenue that Amazon should recognize on its income statement for the fiscal year 2023.

Determine the subscription revenue recognized by Amazon on its income statement for the fiscal year 2023 under the accrual method.