Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $$6,534$ per course taught. Denton pays its instructors $$297$ per student enrolled in the class. Both universities charge executives a $$344$ tuition fee per course attended.

Required

Prepare income statements for Kenton and Denton, assuming that $22$ students attend a course.

Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $$224$ per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls $44$ students in its course.

Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $$224$ per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls $44$ students in its course.

Prepare income statements for Kenton and Denton Universities, assuming that $11$ students attend a course, and assuming that both universities charge executives a $$344$ tuition fee per course attended.