On TOMIOKA's contract selling segment, what amount should TOMIOKA report as unearned service contract revenue in its December 31, 2021 statement of financial position? TOMIOKA Corp. sells contracts agreeing to service machinery for a three-year period. Information for the year ended December 31, 2021 is as follows: Unearned service contracts revenue, beginning 270,000 Cash receipts from contracts sold 480,000 Service contracts revenue recognized in profit or loss 390,000 In its separate segment, TOMIOKA Corp. requires advance payments with special orders for machinery constructed to customer specifications. These advances are refundable. Data for 2021 are: Customer advances, beginning 5,800,000 Advances received with orders 12,000,000 Advances applied to orders shipped 10,700,000 Advances applicable to orders cancelled 2,500,000 a. 120,000 b. 195,000 c. 275,000 d. 360,000