Cullumber Publications Inc. is a publicly traded media company focused on products for the home chef market. The company publishes a monthly magazine that can be purchased at newsstands and is available for annual subscriptions (either paper copy or digital copy). Cullumber Publications sells annual subscriptions for $56 (paper copies) or \$46 (digital copies). Subscriptions are paid in advance and are non-cancellable. Cullumber sold for cash 115,500 subscriptions on December 1,2024, of which 30\% were digital subscriptions. Single issues can be purchased on newsstands. Cullumber Publications uses various magazine distributors across Canada to rack it at newsstands, charging the newstands $5 per copy. Normally 24,100 copies are sent out each month, with 15% of these being returned unsold. Of the 24,100 magazines sent out in December 2024, all were sold on account, and none of the retumed magazines are expected to be resold and, as a result, are sent to recycling. Unsold magazines are retumed by newstands in the following month. Determine how much revenue Cullumber Publications would be able to recognize in December 2024. (Round per magazine price to 3 decimal places, e.g. 1.252 and final answers to 0 decimal places, e.g. 5, 125.) Prepare the required summary journal entries for the contract based on your analysis in part " a." (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Round answers to 0 decimal places, e.g. 5,125.)