Portland News Corp.sold 9,891 annual subscriptions to its new magazine on November 1, 2020 for $70 each. Monthly delivery of the magazine began with the December 2020 issue of the magazine. In other words, at December 31, 2020, one issue of the magazine had been delivered to subscribers. How much unearned revenue should Portland News Corp. report on its December 31, 2020 balance sheet? Please round your answer to the nearest dollar.