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*Ex. 3-106—Accrual basis. The records for Kiley Company showed the following for 2007: Jan. 1 Dec. 31 Unearned revenue $1,600 $2,160 Accrued revenue 1,260 920 Cash collected during the year for revenue, $70,000

Show the computation of the amount of revenue that should be reported on the income statement.

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