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The records for Crane Company showed the following for 2020:
| | Jan. 1 | | Dec. 31 | |
Unearned revenue | | $1,300 | | $2,300 | |
Accrued revenue | | 1,100 | | 780 | |
Cash collected during the year for revenue, $79,000 Calculate the amount of revenue that should be reported on the income statement.
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