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On April 1, Garcia Publishing Company received $2,448 from Otisco, Incorporated for 36-month subscriptions to several different magazines. The subscriptions started immediately. What is

On April 1, Garcia Publishing Company received $2,448 from Otisco, Incorporated for 36-month subscriptions to several different magazines. The subscriptions started immediately. What is the amount of revenue that should be recorded by Garcia Publishing Company for the first year of the subscription assuming the company uses a calendar-year reporting period?

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