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Requirement $2.$ Use the same facts for New Cordless Mobile as in Requirement $1.$ Further, assume

New Cordless Mobile reported unearned service revenue of $75$ back at the end of $20$X$6.$ Show what

New Cordless Mobile will report for $20x7$ on the same financial statements. Explain why your answer differs from your

answer to Requirement $1.($Enter amounts in millions.$)$

Start by determining what New Cordless Mobile will report on its income statement for $207$ with the beginning

balance in unearned service revenue of $75.$

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Let's determine what New Cordless Mobile will show on its balance sheet for $20x7$ with the beginning balance in

unearned service revenue of $75.$