In September 2020, Patrick Rocks Omaha sold annual subscriptions to their new music streaming service. They received 5720 from 12 customers. The service begins on October 1,2020 and ends on September 30,2021 . Of the choices below - Of the choices below - which best reflects how the effect of this transaction would be described in their 12/31/2020 financial statements? Income Statement: Service Revenue $60 Balance Sheet: Accounts Receivable $660. Income Statement: Service Revenue $180 Balance Sheet: Accounts Payable $540. Income Statement: Service Revenue $720 Balance Sheet: NO EFFECT Income Statement: Service Revenue $180 Balance Sheet: Deferred Revenue $540