Answer:
$5,200
Explanation:
Annual price for each subscription is $104 covering the period from July 1 to June 30 (that is 52 weeks).
Half of this period fall in the current calendar year. i.e. July 1 to December 31 = 26 weeks.
Therefore, the amount to be recognized in the current calendar year is half the total subscription fee.
Total subscription fee = $104 * 100 renewals = $10,400.
There, half of that which will be recognized in the current calendar year
= 50% of $10,400
= $5,200.
