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Tannin Bus Co. sold 8,000 tickets on 1/5/2020 at $20 each for four month period from 1/5/2020 to 31/8/2020. Assuming that Tannin Co. prepares the

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Tannin Bus Co. sold 8,000 tickets on 1/5/2020 at $20 each for four month period from 1/5/2020 to 31/8/2020. Assuming that Tannin Co. prepares the financial statements on 31/1/2020, the unearned ticket revenue should be reported at: a $80,000 Ob $160,000 O $120,000 Od $40,000

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