Barker, Inc. receives subscription payments for annual (one year) subscriptions to its magazine. Payments are recorded as revenue when received. Amounts received but unearned at the end of each of the last three years are shown below: 2000 2001 2002 Unearned revenues $120,000 $150,000 $176,000 Barker failed to record the unearned revenues in each of the three years. Which entry is needed in 2002 to correct the above errors? A. Retained Earnings $150,000 Subscription Revenues $ 26,000 Unearned revenues $176,000 B. Retained Earnings $30,000 Subscription Revenues $26,000 Unearned revenues $56,000 C. Subscription Revenues $176,000 Unearned revenues $176,000 D. Subscription Revenues $150,000 Retained Earnings $ 26,000 Unearned revenues $176,000