Exercise 9-7 (Algo) Calculate earned revenues LO 9-1 Big Blue University has a fiscal year that ends on June 30. The 2022 summer session of the university runs from June 8 through July 27. Total tuition paid by students for the summer session amounted to $114,000. Required: a. How much revenue should be reflected in the fiscal year ended June 30, 2022? Note: Do not round intermediate calculations. b. 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? a. Amount of revenue $ 63,840 b. Would there be a change in the revenue reflected? No