Your company produces a sports magazine. In 2020, its first year in operation, it sold $169,000 of one-year subscriptions, of which only 60% had expired by December 31, 2020. In 2021, it sold $659,000 of one-year subscriptions of which only 55% had expired by December 31, 2021. Given the above information, how much revenue would be shown on the companys january to december 2021 income statement?

a. $265,300

b. $416,700

c. $430,050

d. $562,700