Big Blue University has a fiscal year that ends on June 30. The 2013 summer session of the university runs from June 7 through July 29. Total tuition paid by students for the summer session amounted to $118,000.

Required: a. How much revenue should be reflected in the fiscal year ended June 30, 2013?

Kirkland Theater sells season tickets for six events at a price of $82. In pricing the tickets, the planners assigned the leadoff event a value of $30 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,350 season tickets were sold for the 2013 season

Required:
b.	Calculate the theater's earned revenue after the first three events have been presented