Please do the entire question or DO NOT ATTEMPT!

The Symphony sells season tickets for six events at a price of $105. In pricing the tickets, the planners assigned the leadoff event a value of $24 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,200 season tickets were sold for the 2013 season. Required: a. Calculate the theater's earned revenue after the first three events have been presented. o. About 90% of the season ticket holders attended the first event. Subsequent events were attended by about 80% of the season ticket holders. To what extent, if any, should the attendance data impact revenue recognition? Yes No If the ending inventory of a firm is overstated by $46,000, by how much and in what direction (overstated or understated) will the firm's operating income be misstated? (Hint: Use the cost of goods sold model, enter hypothetically "correct" data, and then reflect the effects of the ending inventory error and determine the effect on cost of goods sold.) Firm J has net income of $92,590, sales of $985,000, and average total assets of $394,000. Required: Calculate Firm J's margin, turnover, and return on investment (ROI). Firm L had net assets at the end of the year of $383,000.The only transactions affecting stockholders' equity during the year were net income of $69,000 and dividends of $39,000. Required: Calculate Firm L's average stockholders' equity and return on equity (ROE)