On April 1, Griffith Publishing Company received 2,358 from Santa Fe, Incorporated for 36-month subscriptions to several different magazines The subscriptions started immediately. What is the amount of revenue that should be recorded by Grifith Publishing Company for the first year of the subscription assuming the company uses a calendar-year reporting period? Multiple Choice 0. 590. 66 197. 786.

To determine the amount of revenue that Griffith Publishing Company should record for the first year of the subscription, we need to calculate how much of the total subscription payment corresponds to the first year.### Step 1: Understand the problem- Total payment received: **\ ### Step 3: Determine the number of months in the first yearThe subscriptions started on **April 1**, so the first year includes the following months:- April through December = **9 months**.### Step 4: Calculate revenue for the first yearThe revenue for the first year is: Substitute the values: Rounding to the nearest dollar: ### Final Answer:The amount of revenue that should be recorded by Griffith Publishing Company for the first year is:**\$590**Correct choice: **\$590**