Question 3 (20 points) On July 1, 2016, Alpha Company received $18,000 in cash for 24 months subscriptions to their highly demanded monthly magazine. What amount should be reported on Alpha Company's December 31, 2016 balance sheet as a part of the Unearned Subscriptions Revenue related to the sales. Hint: Magazines were delivered for 6 months in 2016, so 6 months worth of subscription was used up.