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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?
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