?

In year 1, Super Comics Corp. sold a comic strip to Fantasy,
Inc. and will receive royalties of 20% of future revenues associated
with the comic strip. At December 31, year 2, Super reported
royalties receivable of $75,000 from Fantasy. During year
3, Super received royalty payments of $200,000. Fantasy reported
revenues of $1,500,000 in year 3 from the comic strip. In
its year 3 income statement, what amount should Super report as
royalty revenue?