1. indicate the effects of the amounts for the above transaction

0 12 Required Information [The following information applies to the questions displayed below) A local theater company sells 1,550 season ticket packages at a price of 5320 per package. The first show in the 10-show season starts this week (a) The sale of the season tickets before the first show 00 (The revenue from fulfilling the performance obligation by putting on the first show 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign.) Assots Llabilities (0) Cash Stockholders' Equity ele 196 000