Chinchillas R Chill magazine company's Unearned Revenue account had a balance of $25,400 on January 1, 2016. On December 31, 2016, as part of the adjusting entry, they recognized Subscription revenue of $29,600. The December 31, 2016 balance of the Unearned Revenue account was $24,600.

What must have been the amount of cash received by the Chinchillas R Chill magazine company from customers during the year 2016?

Question 3 options:

A)

$28,800

B)

$30,400

C)

$20,400

D)

$29,600