Carrot Company sells one and two-year mail order subscriptions for video of the month business. Subscriptions are collected in advance and credited to a revenue account. An analysis of the recorded sales activity revealed the following:   2021 2022 Sales 780,000 950,000 Cancellations 10,000 40,000 Subscription expiration:          2021 130,000        2022 350,000 190,000      2023 290,000 400,000      2024   320,000

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