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A Moving to another question will save this response. Question 2 of 3 Question 2 10 points Saved Princess Company publishes a monthly fashion magazine, Tiara. Subscriptions to the magazine cost $30 per year. During October 2020, Princess sells 12,000 subscriptions beginning with the November issue. Princess prepares financial statements quarterly and recognizes subscription revenue earned at the end of the quarter. The company uses the accounts unearned subscription revenue and subscription revenue. How much should be reported as unearned subscription revenue 360000 and subscription revenue 30000 in October 2020? What is the balance in unearned subscription revenue account at the end of the year 360000 ? Subscription revenue to be reported is 90000 at December 2020. What impact (increase, decrease, or not change) will December 2020 have? Assets will not change liabilities will decrease and stockholders' will incresse Q1 2021 financial report will recognize 120000 as subscription revenue, and unearned subscription revenue account will have a balance of 360000