Kirkland Theater sells season tickets for six events at a price of $110. In pricing the tickets, the planners assigned the leadoff event a value of $28 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,070 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 98% of the season ticket holders attended the first event. Subsequent events were attended by about 77% of the season ticket holders. Would the attendance data impact revenue recognition?

	Yes
	No