1 Su West, Inc., operates a downhill we near Lake Tahoe, Califomis. An all day adult litt ticket can be purchased for $60. Adult customers can purchase a season pass that is the pass holder to siciany day during the season, which typically runs from December tough April 20. S West expects its season pass holders to use their passes equally throughout the season. The company fiscal year ends on December 31 On November 6, 2021, Jake Lawson purchased a season pass for $325 Required 1. When should Ski West recognide revenue from the sale of its season passes? 2. Prepare the appropriate journal entries that S West would record on November and December 31 2. What will be included in the Ski West 2021 income statement and balance sheet related to the sale of the season pass to Jake Lawson Complete this question by entering your wars in the tabe below Required quired Heures Prepare the approprtate omal entries that ska West would record on November and December 31. tur ne entry is required for tracsaction/even, electo journal entry required in the first account ned) Journal entry worksheet Record the cash collection