Management of Cedar Point 2, the amusement park in Sandusky, Ohio, announced e in 2018 that it would close the Dinosaurs Alive and Witches' Wheel attractions to make room for a new attraction called "Forbidden Frontier on Adventure Island." This paragraph is what Cedar Point management released about this upcoming new attraction: "Grab your map and prepare for a minute-by-minute real-life adventure, where you and others are challenged, questioned and pushed to the limits in both brain and brute power. Be immersed in interactive encounters with the island inhabitants, push yourself with physically active challenges that test your resourcefulness and fortitude! It's your job to discover and uncover all that you can; to solve the mystery surrounding the Forbidden Frontier, and return to tell the tale. Every ending is different and determined by you and the secrets you unlock!" Forbidden Frontier opened in May 2019. Dinosaurs Alive and Witches' Wheel closed permanently in September 2018. Questions 1. You are the vice president of rides and attractions at Cedar Point. Assume that Forbidden Frontier cost $5 million to construct in late 2018. Will your 2018 income statement contain an expense of $5 million for the construction of Forbidden Frontier? Explain. 2. What account will the initial cost of the Forbidden Frontier attraction be recorded to? 3. What financial statement does that account in #2 appear on