typeface co receives $1500 on 15th august 20x2, representing annual subscriptions in advance for 3 of its monthly publication ( $480 for the first, $600 for the second and $420 for the third ). the publications are dispatched to the customer on the first day of each calendar month starting on 1 September 20x2 month.

how much revenue should typeface co recognize in the finanicail stataments for the year ended 31st december 20x2?