In November and December 2020, Crane Company, a newly organized magazine publisher, received $75300 for 1,000 three-year subscriptions at $23 per year, starting with the January 2021 issue. Crane included the entire $75300 in its 2020 income tax return. What amount should Crane report in its 2020 income statement for subscriptions revenue?

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.