Sam's Club Company Recognizes Sam's Club Membership Fee Revenues Over

Sam's Club Company recognizes Sam's Club membership fee revenues over the term of the membership, which is 12 months. If their Unearned Membership Fee Revenue account had a balance of $600 million on January 31, 2018, and $550 million on January 31, 2019 and the company received membership fees in cash of $1,100 million during the year, what amount was recognized as Membership Fee Revenue for the fiscal year?

A) $2,140 million
B) $1,150 million
C) $1,070 million
D) $1,054 million