The publisher of Business Weekly received the following 52-week subscriptions during 2012. Each subscription is $99, which is a 52% discount off the newsstand price of $4 per issue. The company' has a fiscal year that ends on the last Sunday of each calendar year. Each subscription becomes effective in the calendar month after the company receives the subscription.

Required:
Determine the amount of revenue from subscriptions Business Weekly should recognize in 2012.

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Subscriptions received 7,200 4,000 4,200 9,500 63,600 Subscriptions Subscriptions Month January February March April Total received Month received Month 4,600 Ma 4,000 June 4,500 July 5,200 August 6,000 5,300 Octobe 4,700 November 4,400 December September