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During 2022, Sigma Company earned service revenue amounting to $810,000, of which $650,000 was collected...

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Accounting

During 2022, Sigma Company earned service revenue amounting to $810,000, of which $650,000 was collected in cash; the balance will be collected in January, 2023. Also in 2022, there were collections of cash prior to the delivery of goods/services totaling $11,300. What amount should the 2022 income statement report for service revenue? Multiple Choice $650,000 $810,000 $680,000 $160,000

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