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ITV Company received $36,000 cash on March 1, 2019, from XYZ Company as an advance payment for services ITV promised to perform for XYZ over

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ITV Company received $36,000 cash on March 1, 2019, from XYZ Company as an advance payment for services ITV promised to perform for XYZ over the next three years on a continuous basis. Assume that ITV Company's year-end is December 31 On its 2020 income statement, would report revenue of A $11,000 B $12,000 C $10,000 $36,000

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