Plea Corporation changed its method of accounting for inventories in its retail merchandise line. Plea received IRS permission on February 1, 2010 to do so for the 2010 calendar tax year. As a result:

On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?