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McKinnon Enterprises owns a professional ice hockey team, the Rockford Penguins. The company sells season tickets for its upcoming season and receives $960,000 cash. The

McKinnon Enterprises owns a professional ice hockey team, the Rockford Penguins. The company sells season tickets for its upcoming season and receives $960,000 cash. The season starts January 1, 2018, with six home games occurring monthly over the next six months.

How much revenue will McKinnon Enterprises recognize from its season ticket sales through the end of April 2018?

$480,000

$640,000

$960,000

$320,000

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