Big Blue University has a fiscal year that ends on June 30. The 2022 summer session of the university runs from June 9 through July 27. Total tuition paid by students for the summer session amounted to $133,000.

1. How much revenue should be reflected in the fiscal year ended June 30, 2022?
2. Would there be a change in the revenue reflected if the university had a tuition refund policy that no tuition would be refunded after the end of the third week of summer session classes?