Carniolan Bee Supply provides bee keeping mentoring services. To receive bee keeping mentoring, customers pay a one time fee of $750 in May that covers the months of May 1 through Dctober 31 that includes one 2 hour mentor visit one per month. It is the customer's responsibility to schedule the monthly mentoring. If a month is missed where the customer does not schedule a session, there are no refunds for the missed session. Requirements: 1. Prepare the entry if one customer pays on May 1 for the mentoring. 2. Assuming payment of the one customer from requirement 1 , prepare the entry to recognize revenue for Carniolan Bee Supply if the the store's year end is June 30 . 3. With respect to requirement 2, what amounts and accounts would be reported on Carniolan's income statement and balance sheet for the year ended June 30 regarding the mentoring services for the customer that paid on May 1