Case Background Live Nation Entertainment ("Live Nation") is a publicly traded company headquartered in Beverly Hills, California. Live Nation has retained alliantgroup to identify an Employee Retention Credit ("ERC") tax incentive based on the impact COVID-19 has had on Live Nation's business during 2020. Assignment Your job is to draft a report encompassing the full and broad range of effects COVID-19 had on Live Nation. This report will be going directly to the President of Live Nation. It should include the following sections: 1. Live Nation's Company Background 2. COVID-19 impact on the state of California 3. COVID-19 impact on Live Nation's business a. Industry impact b. Employment impact C. Sales impact 4. Revenue impact: A Company would qualify for a tax-based incentive from the government of the United States based on their financials. The Following table showcases quarterly information of Live Nation from 2019 through 2021 (this data is for reference purposes and is not real). Revenue (gross receipts) in US $ in millions Quarter 1 Quarter 2 Quarter 3 Quarter 4 2019 100 100 100 75 2020 **** Please write your answer below ***** Answer: 50 35 45 50 2021 75 81 77 50 Please answer the following questions based on the above table: a) What quarters is Live Nation qualifying for the ERC tax-based incentive for 2021? Explain how you came to that conclusion. b) What is the percentage of revenue decline in 2021 compared to 2019 in each quarter?