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Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $$39\mathrm{.}8$ million cash on October $1,2024,$ to provide working capital for anticipated expansion. Precision signs a one$-$year, $8\%$ promissory note to Midwest Bank under a prearranged short$-$term line of credit. Interest on the noThe University of Michigan football stadium, built in $1927,$ is one of the largest stadiums in America. Assume the university sells $105,000$ season tickets to six home games before the season begins, and the athletic department collects $$110\mathrm{.}25$ million in ticket sales.

Required:

$1.$ What is the average price per season ticket and average price per individual game ticket sold?

$2.$ & $3.$ Record the cash collection of $$110\mathrm{.}25$ million in ticket sales $($six home games$)$ before the season begins and the appropriate entry after the first home game is completed.