4) Flyalot has agreements with several major airlines to obtain airline tickets at reduced rates. The company pays only for tickets it sells to customers. In the most recent period Flyalot sold airline tickets to customers over the internet for a total of $1.1 million. The cost of these tickets to Flyalot was $1 million. The company's direct selling costs were $2,000. Once the customers receive their ticket, the airline is responsible for providing all services associated with the customers' flights. a. How much revenue would be reported using gross reporting and how much would be reported using net reporting? b. Which reporting method should Flyalot use? As an investor or stock analyst, does it make a difference? That is would you value a company with revenue of $100,000 the same as a company with $1,100,000 ? Note that the gross margin is the same for both companies