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On November 30, 2026, ABC Company received $24,840 for twenty, three-year subscriptions for its newly developed internet service. The subscriptions begin April 1, 2027 and

On November 30, 2026, ABC Company received $24,840 for twenty, three-year subscriptions for its newly developed internet service. The subscriptions begin April 1, 2027 and go through March 31, 2030. Calculate the amount of unearned revenue shown in ABC Company's balance sheet at December 31, 2028.

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