CP4-9 (Static) Evaluating the Effect of Adjusting Unearned Subscriptions on Cash Flows and Performance as a Manager LO4-1 You are the regional sales manager for Jackie Branco News Company. Jackie is making adjusting entries for the year ended March 31, 2024. On September 1, 2023, customers in your region paid $36,000 cash for three-year magazine subscriptions beginning on that date. The magazines are published and mailed to customers monthly. These were the only subscription sales in your region during the year. Required: What amount should be reported as cash from operations on the statement of cash flows for the year ended March 31, 2024? What amount should be reported on the income statement for subscriptions revenue for the year