On November 15, 2021, ARA Skin Care, Inc. engaged the services of LDA, Inc for its wellness seminar for its employees to be held on December 15, 2021. LDA, Inc. is a domestic corporation that offers, among others, business seminars. These seminars help update the knowledge of corporate offiCers and employees. LDA catas participants who are sponsored by their employees. This is one big event, since this is the company's first seminar where the resource speaker is Dr. Claire Browne, a Manila-based Dermatologist. As of today, LDA, Inc. has received confirmation from 200 participants. Deadline for payment of the seminar fee is on the first day of the seminar month. The seminar will be held for two days. The seminar fee is 1710.000 per participant. Seminar-related expenses are estimated as follows: Guest speaker' s fee per day P30,000 Accommodations - guest speaker and his 25,000 accompanying staff Plane ticket and other transportation costs - 20,000 guest speaker and party Other fixed costs for the seminar 40,000 Expenses for each participant: Seminar kit 2,500 Hotel accommodations for the duration of 5,000 the seminar, including meals and snacks Other variable costs 3300 Dr. Browne said the LDA, Inc. will earn a big amount of prot if all conrmed participants will pay and attend the seminar. He also said that even if some of the 200 confirmed participants would back out, the company will not incur a loss. This, according to him, is based on the break-even analysis prepared by the company's accountant. All fees and expenses will be shouldered by ARA Skin Care, Inc. Scenarios: a If only 80% of the 200 participants actually attend, how much is LDA's prot from the said event? How will ARA Skin Care, Inc. record this transaction in its books? a If only 60% of the 200 participants actually attend, how much is LDA's prot from the said event? How will ARA Skin Care, Inc. record this transaction in its books