During 2016, Sigma Company Earned Service Revenue Amounting to $700,000

Multiple Choice

During 2016, Sigma Company earned service revenue amounting to $700,000, of which $630,000 was collected in cash; the balance will be collected in January, 2017. Also in 2016 there were collections of cash prior to the delivery of goods/services totaling $10,000. What amount should the 2016 income statement report for service revenue?

A) $630,000.
B) $700,000.
C) $70,000.
D) $570,000.