Please answer required A & B

6-13 The Case of the Vanishing Debt. -the Sports Facts: A county government and a legally separate organization- the Stadium Authority- entered into an agreement under which the authority issued revenue bonds to construct a new stadium. Although the intent is for the author Or- ity to make debt service payments on the bonds from a surcharge on ticket sales, the county agreed to annually advance the Sports Stadium Authority the required amounts to make up any debt service shortfalls and has done so for several years. Accordingly, the county has recorded a receivable from the authority and the authority has recorded a liability to the county for all advances made under the agreement. Ticket surcharge revenues that exceed $1,500,000 are to be paid to the county and to be applied first toward interest and then toward principal repayment of advances. Both parties acknowledge, however, that annual ticket surcharge