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Ouring 2022, Sigma Company earned service revenue amounting to $850,000, of which $670,000 was collected in cash; the balance will be coliected in fanuary. 2023,

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Ouring 2022, Sigma Company earned service revenue amounting to $850,000, of which $670,000 was collected in cash; the balance will be coliected in fanuary. 2023, Also in 2022, there were collections of cash prior to the delivery of goods/services totaling $11,000. What amount should the 2022 income statement report for service revenue? Multiple Choice $670,000 $720.000 $180,000 $850,000

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