Service contract costs are charged as incurred to the service contract expense account, which had a balance of $120,000 at December 31, 2009. Outstanding service contracts at December 31, 2009 expire as follows: During 2010 During 2011 During 2012 $100,000 $160,000 $70,000 What amount should be reported as unearned service contract revenues in Felton"s December 31, 2009 balance sheet?
A. $360,000.
B. $330,000.
C. $240,000.
D. $220,000.