please answer both parts with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation.

Bridgeport University sells 5,600 season basketball tickets at $50 each for its 10-game home schedule. Prepare a tabular summary to record (a) the sale of the season tickets and (b) the revenue recognized after playing the first home game: Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced.) Assets Liabilities Cash Unearned Ticket Revenue + Common Stock Revenue (a) S (b]Bridgeport University sells 5,600 season basketball tickets at $50 each for its 10-game home schedule. Prepare a tabular summary to record (a) the sale of the season tickets and (b) the revenue recognized after playing the first home game. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) In front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders Equity Retained Earnings Revenue Expense Dividend S