4 E S NS The following table shows the top 10 films of all time through 2004, measured by box office receipts in the United States , as well as several other films further down the list. Rank 1 2 3 4 5 6 7 8 9 10 31 62 70 110 129 New Rank $ Total Box Office Yeaar Film Receipts Released Value Box Office Receipts in CPI 2004 dollars Titanic 600,779,824 1997 161 Star Wars Shrek 2 E.T. Star Wars Spider Man Lord of the Rings Spider Man2 The Passion 460,935,655 1977 61 436,471,036 2004 189 434,949,459 1982 97 431,065,444 1999 167 403,706,375 2002 180 377,019,252 2003 184 373,377,893 2004 189 370,270,943 2004 189 356,784,000 1993 145 Of Christ Jurassic Park Jaws 260,000,000 1975 54 Gone With The Wind Snow White The Sound of Music 101 Dalma- tians 198,655,278 1939 14 184,208,842 1937 14 163,214,286 1965 32 153,000,000 1961 30 (a)The cpi in 2004 was 189. Use this information and the data above to calculate the box office receipts for each of the films , in 2004 prices. Use your results to also enter a new list of the top 10 films (above) based on their earnings in 2004 dollars. Show method with an example of the method/calculations used. b) Assume in 1970 a movie ticket cost $1.55. If by 1980 it was $2.69, what can you say about the real prices of going to the movies then? Explain by showing calculations. Consult either your textbook or the internet if you need additional data