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Required Information: [The following information apples to the questions displayed below) Kirkland Theater sells season tickets for six events at a price of $378.

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Required Information: [The following information apples to the questions displayed below) Kirkland Theater sells season tickets for six events at a price of $378. For the 2019 season, 1,200 season tickets were sold. Income Statement Stockholders' Equity Net Income Revenues Expenses Required: a-1. Use the horizontal model to show the effect of the sale of the season tickets. Indicate the financial statement effect. (Enter decreases with a minus sign to Indicate a negative financial statement effect.) Assets Cash 453,600 = Balance Sheet Liabilities 13

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