Kirkland Theater sells season tickets for six events at a price of $80. In pricing the tickets, the planners assigned the leadoff event a value of $21 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,400 season tickets were sold for the 2016 season. Required: a. Calculate the theater's earned revenue after the first three events have been presented. (Do not round intermediate calculations.) Revenue earned b. About 94% of the season ticket holders attended the first event. Subsequent events were attended by about 79% of the season ticket holders. Would the attendance data impact revenue recognition? O Yes O No

Kirkland Theater sells season tickets for six events at a price of $80. In pricing the tickets, the planners assigned the leadoif event a value of $21 because the program was an expensive symphony orchestra. The last five events were priced equally: 1,400 season tickets were sold for the 2016 season. Required: a. Calculate the theater's earned revenue after the first three events have been presented. (Do not round intermediate calculations.) b. About 948 of the season ticket holders attended the first event Subsequent events were attended by about 79% of the season ticket holders. Would the attendance data impact revenue recognition