The Present Times Newspaper Company showed a $14,000 liability in its 2020 balance sheet for subscription revenue received in advance. During 2021, $60,000 was received from customers for subscriptions and the 2021 income statement reported subscription revenue of $25,000. What is the liability amount for deferred subscription revenue that will appear in the 2021 balance sheet?

a.$0.

b.$11,000.

c.$49,000.

d.$71,000.