Anette Video Company sells 1- and 2-year subscriptions for the video-of-the-month business. Subscriptions are collected in advance and credited to sales. An analysis of the recorded sales activity revealed the following: 2015 2016 Sales 420,000 500,000 Less cancelations 20,000 30,000 Net sales 400,000 470,000 Subscription expirations: 2015 120,000 2016 155,000 130,000 2017 125,000 200,000 2018 140,000 400,000 470,000 On December 31, 2016, what amount should be reported as unearned subscription revenue? a. 495,000 b. 470,000 C. 465,000 d. 340,000