Your company produces a health magazine. Its sales data for $1-$year subscriptions are as follows:

Year of Operation Subscriptions Sold $\%$ Expired at Year End

$2020$ $$300,0005$

$2021$ $$647,00055$

Given the above information, how much revenue would be shown on the Company's January to December $2021$ Income Statement? Note the Company's $1$st year of operation was $2020.$

Question $6$ options:

$$640,850$

$$647,000$

$$505,850$

$$347,000$