Save Help Save & Exit On January 23, 20x1 Normandy Theatre Company received $1,340,000 from subscribers for the summer series of plays that will be performed over a four month period beginning in May 20x1. The subscription allows the subscriber to see one play per month in May, June, July and August of 20x1. On January 23rd, the Company recorded the receipt of the cash in the Unearned Theatre Revenue account. Once the season begins, Normandy spreads the revenue evenly over the four months of the series. What amount of Theatre revenue should Normandy recognize in June 20x1? Multiple Choice $1,340.000 $335,000 0 $940,000 $670.000 $1.005,000