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Tangier Enterpris (TE) began operations on March 1, 2023. On March 1, 2023, TE received a payment of $1,960,000 from its primary tenant for

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Tangier Enterpris (TE) began operations on March 1, 2023. On March 1, 2023, TE received a payment of $1,960,000 from its primary tenant for rent for the next 3,ears. The rental period began on March 1, 2023. TE has a December 31, 2023 year-end, and this was the only rental activity TE had for 2023. What amount of cash should be reported for the year on the statement of cash flows and what is the balance of the Unearned rent revenue account on the balance sheet at December 31, 2023? Multiple Choice $1.361100, $598.900 $544,440, $1,415,544 $1,960,000; $1,469,988 $1,960,000, $1,415,544

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