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Required information Exercise 7-14 (Static) Unearned revenues-ticket sales LO 7-3 [The following information applies to the questions displayed below.] Kirkland Theater sells season tickets for

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Required information Exercise 7-14 (Static) Unearned revenues-ticket sales LO 7-3 [The following information applies to the questions displayed below.] Kirkland Theater sells season tickets for six events at a price of $378. For the 2022 season, 1,200 season tickets were sold. Exercise 7-14 (Static) Part a - Horizontal model Required: a-1. Use the horizontal model to show the effect of the sale of the season tickets. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Balance Sheet Income Statement Assets Liabilities + Stockholders' Equity Net Income Revenues 1 Expenses I 11 +

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