LO 5-95-41 The auditors for Weston University are conducting their audit for the fiscal yearended December 31, 2013. Specifically, the audit firm is now focusing on theaudit of revenue from this season's home football games. While planning theaudit of sales of football tickets, one of their newer staff people observed that,in prior years, many hours were spent auditing revenue. This staff associatepointed out that perhaps the firm could apply analytical procedures to evalu-ate whether it appears that the revenue account is properly stated.The staff associate noted that information for a typical home game couldbe used to estimate revenues for the entire season. The home football seasonconsisted of seven home games-one against a nationally ranked power-house, Bloomington University, and six games against conference opponents.One of these conference games is Weston's in-state archrival, Norwalk Uni-versity. All of these games were day games except for the game against aconference opponent, Westport University.The auditors will base their estimate on the game played against KramerCollege, a conference opponent. This game is considered to be an averagehome game for Weston University. The following information concerningthat game is available:Total attendance24,000 (stadium capacity is 40,000)This attendance figure includes the 500 free seats described below, and the24,000 figure should be used as a basis for all further calculations.Ticket pricesBox seats$12 per ticketEnd-zone seats8 per ticketUpper-deck seats5 per ticket