Question 14 Ebiissibien sells one- and two-year video-on-demand subscriptions for its video streaming business. Not complete Subscriptions are collected in advance and credited to sales. An analysis of the recorded sales activity revealed Marked out of the following: 1.00 2014 2015 Flag question Sales 420,000 #500,000 Less: Cancellations (20,000) (30,000) Net sales 400,000 470,000 Subscriptions 2014 2015 expirations: 2014 *120,000 2015 55,00 130,000 2016 125,000 200,000 2017 140,000 P400,000 P470,000 In Ebiissibien's December 31, 2015 balance sheet, the balance for unearned subscription revenue should be: Select one: O a. P340,000 O b. P465,000 O c. P495,000 O d. P470,000