In its 2018 annual report to shareholders, Ank-Morpork Times Inc. included the following disclosure: Revenue Recognition Advertising revenue is recognized when advertisements are published, are broadcast, or when placed on the Company's websites, net of provisions for estimated rebates, credit and rate adjustments and discounts. Circulation revenue includes single copy and home-delivery subscription revenue. Single copy revenue is recognized based on date of publication, net of provisions for related returns. Proceeds from home-delivery subscriptions and related costs, principally agency commissions, are deferred at the time of sale and are recognized in earnings on a pro rata basis over the terms of the subscriptions. Other revenue is recognized when the related service or product has been delivered. Also, the following information on its current liabilities was included in its comparative balance sheets: CURRENT LIABILITIES 2018 2017 Commercial paper outstanding $ 156,300,000 $ 289,251,000 Accounts payable $ 168,950,000 $ 172,552,000 Accrued payroll and other related liabilities $ 79,299,000 $ 124,983,000 Accrued expenses $ 158,867,000 $ 188,748,000 Accrued income taxes $ 223,220,000 $ 9,832,000 Deferred subscriptions revenue $ 59,706,000 $ 79,385,000 Current portion of long-term debt and capital lease obligations $ 2,514,000 $ 2,579,000 Total current liabilities $ 848,856,000 $ 867,330,000 Required: Assuming that Ank-Morpork Times Inc. collected $438,000,000 in cash for home-delivery subscriptions during fiscal year 2018, what amount of revenue did it recognize during 2018 from this source? Show the relevant T-account information to support your answer.