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Sally's Choice sells season memberships for $200 each. During January of 2016, 60 season memberships were sold. As of March 31, 2016, only $3,000 of

Sally's Choice sells season memberships for $200 each. During January of 2016, 60 season memberships were sold. As of March 31, 2016, only $3,000 of season membership fees had been collected from customers. The season runs for 4 months starting May 15, 2016. 



What is an amount reported on the financial statements for the period ending March 31, 2016?

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