Required information [The following information applies to the questions displayed below.) The Tennis Times (TTT) is a publisher of magazines. Its accounting policy for subscriptions follows: Revenues Revenues from our magazine subscription services are deferred initially and later recognized as revenue as subscription services are provided. Assume TTT (a) collected $630 million in 2018 for magazines that will be distributed later in 2018 and 2019. (6) provided $309 million of services on these subscriptions in 2018, and provided $321 million of services on these subscriptions in 2019. Required: 1. Using the information given, indicate the accounts, amounts, and accounting equation effects of transactions (a). (b), and (C. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in whole dollars.) Transaction Assets Liabilities (b) (c)