3. FUN! is a water park that operates from May 1 to August 31. One may purchase a day pass for $50 or a season pass for $500 allowing the purchaser free access to the park during the season. On April 4, 2022 Maxwell Edison purchased a season pass. FUN! expects season ticket holders to use the pass equally during the season. FUNS!'s fiscal year ends June 30. What amounts would be included on FUN!'s income statement and balance sheet for the year ended June 30, 2022 related to Mr. Edison's season pass? A) Income Statement $0 and Balance Sheet $500 B) Income Statement $125 and Balance Sheet $375 C) Income Statement $250 and Balance Sheet $250 D) Income Statement $375 and Balance Sheet $125