Jerry's Jellies sells one- and two-year mail-order subscriptions for its jelly-of-the-month business. Subscriptions are collected in advance and credited to sales. An analysis of the recorded sales activity revealed the following: 2018 2019 Subscriptions sold $510,000 $620,000 Scheduled deliveries: $230,000 2018 2019 2020 2021 195,000 $190,000 85,000 250,000 180,000 $510,000 $620,000 Required What amount of liability for unperformed obligations should Jerry's Jellies report on its December 31, 2019, balance sheet