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Required information [The following information applies to the questions displayed below.] Kirkland Theater sells season tickets for six events at a price of $54. For

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Required information [The following information applies to the questions displayed below.] Kirkland Theater sells season tickets for six events at a price of $54. For the 2019 season, 1120 season tickets were sold 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.) Balance Sheet Liabilities Stockholders' Equity Net Income Assets

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