Disney earns revenues in a variety of ways. Below are two revenue scenarios for Disney. For each example, please share your thoughts on when Disney should recognize revenue by answering the questions below. 1. Television advertising - Suppose that ABC Mouse pays Disney $200,000 in May for TV commercials that will air in July. How should Disney capture this transaction in its accounting records in May and July? 2. Theme park admission Assume that Disney collects $5,300,000 for admission to Magic Kingdom on October 15. How should Disney capture this transaction in its accounting records