Print Complete this question by entering your answers in the tabs below. Mc daw Required 1 Required 2 Show how Adventure Fishing would present net revenues in its income statement. (Do not round intermediate calculations Round your answers to 2 decimal places.) ADVENTURE FISHING Partial Income Statement Total tour revenues Less Sales allowances Add Sales allowances Add Sales discounts Net tour revenues Adventure Fishing provides guided fishing tours. The company charges $200 per person but offers a 10% discount to parties of four or more. Consider the following transactions during the month of May. May 2 Charlene books a fishing tour with Adventure Fishing for herself and four friends at the group discount price ($900 $180 5). The tour is scheduled for Bay 7. May 7 May 9 The fishing tour occurs. Adventure Fishing asks that payment be made within 30 days of the tour and offers a 5% discount for payment within 15 days. Charlene is upset that no one caught a single fish and asks management for a discount. Adventure Fishing has a strict policy of no discounts related to number of fish caught. Ray 15 Upon deeper investigation, management of Adventure Fishing discovers that Charlene's tour was led by a new guide who did not take the group to some of the better fishing spots. In concession, management offers a sales allowance of 40% of the anount due. May 20 Adventure Fishing receives the amount owed by Charlene. Required: 1. Record the necessary transaction(s) for Adventure Fishing on each date. 2. Show how Adventure Fishing would present net revenues in its income statement