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3 Kirkland Theater sells season tickets for six events at a price of $106. In pricing the tickets, the planners assigned the leadoff event a

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3 Kirkland Theater sells season tickets for six events at a price of $106. In pricing the tickets, the planners assigned the leadoff event a value of $22 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,330 season tickets were sold for the 2016 season. Required: a. Calculate the theater's earned revenue after the first three events have been presented. (Do not round intermediate calculations.) 8 01:56:50 Revenue earned eBook b. About 91% of the season ticket holders attended the first event. Subsequent events were attended by about 78% of the season ticket holders. Would the attendance data impact revenue recognition? Yes No

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