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The Quibbler, a monthly wizarding magazine, sold 7.000 annual subscriptions in August 2020 at $60 each. The magazine is delivered on the first of each

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The Quibbler, a monthly wizarding magazine, sold 7.000 annual subscriptions in August 2020 at $60 each. The magazine is delivered on the first of each month, and the first installment of the subscriptions were delivered on September 1, 2020. What would Quibbler show as an unearned revenue balance on its balance sheet as of December 31, 2020? $420,000 $140,000 $280,000 $0

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