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Required information TThe foliowing information applies to the quiestions disployed below] A local theater company sells 1,950 season ticket packoges at a price of $280

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Required information TThe foliowing information applies to the quiestions disployed below] A local theater company sells 1,950 season ticket packoges at a price of $280 per package. The first stow in the 10 show season staits this week. (a) The sale of the season tickets before the fitst stiow. (b) The revenue from fulfilling the performance obligation by putting on the first show. 1. Indicate the effects of the amounts for the above transactions. (Enter ony decreoses to assets, liabilities, or stockiholders equity with o minus sign.)

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