Revenue recognition. Suppose Motor Trend Analysis Inc. performed services for a client on account on February 09, 2008. Motor Trend charged the client \(\$ 3,050\). The client paid for half of the services on February 29,2008 . The remaining balance was paid on March 5, 2008. How did these transactions affect Motor Trend's financial statements for the month of February and for the balance sheet ended February 29, 2008? (LO 3, 4)