On $1/09/2017$ ABC Company received $$37,500$ from customer X for services to be performed evenly over a $12$ months period starting $1/11/2017.$ In addition, on $1/10/2017$ ABC received $$14,850$ from customer Y for services to be performed evenly over an $18$ months starting $1/11/2017$Based on the above given information, answer the following questions:What is the amount revenue that must be presented on the income statement for the $2017?$The Answer is: AnswerWhat is the amount of TOTAL unearned revenue that must be presented on the statement of financial position as on $31/12/2017?$The Answer is: AnswerWhat is the amount revenue that must be presented on the income statement for the $2018?$The Answer is:$$AnswerWhat is the amount of TOTAL$$unearned revenue that must be presented on the statement of financial position as on $31/12/2018?$The Answer is:$$Answer