3. Now assume that Carnival booked Lady Antebellum in December 2016 to perform on the June 2017 Western Caribbean cruise. Further assume that Carnival pays Lady Antebellum its entire performance fee of $52,000 on December 28, 2016, for the June 2017 cruise. What journal entry will Carnival make on December 28, 2016, for its payment to Lady Antebellum? Assets Liabilities Stockholders' Equity RevenuexpenseNet Income AccountsUnearned Common Retained Options Date Cash + expenses ayable revenue Stock earnin A Dec-28-2016(52,00052,000 Dec-28-201652,000+ Dec-28-2016 (52,000) + Dec-28-2016 (52,000)+ +52,000 +(52,000) -| 52,000 -| 52,000 (52,000) (52,000) 52,000 | + 4. When (what month/year) would Carnival expense the payment to Lady Antebellum? What journal entry would Carnival make when it recognizes the Lady Antebellum expense? Stockholders' Equity Revenue Expense Net Income Common+ Assets Liabilities Prepaid Acc expenses ountsUnearned Retained earnin Options Cash + Date Jun-17 Jun-17 Jun-17 Jun-17(52,000)+ ayable revenue Stock +52,000 +(52,000) +| (52,000) +52,000 +(52,000) -| 52,000 (52,000) |-(52,000)|+ +(52,000) -| 52,000 (52,000)