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On the last day of December, Scottsdale Aviators entered into a transaction that resulted in a receipt of $ 5 4 , 0 0 0

On the last day of December, Scottsdale Aviators entered into a transaction that resulted in a receipt of $54,000 cash in advance related to services that will be provided during January. During December, the company also performed $32,000 of services which were neither billed nor paid. Prior to December adjustments and before these two transactions were recorded, the company had recorded service revenue of $800,000 for the year. There are no other prepaid services yet to be delivered.
If Scottsdale Aviators makes the appropriate adjustments, how much will be reported on the December 31 balance sheet as unearned revenue?

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