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Ski Powder Resort ends its fiscal year on April 30. The business adjusts its accounts monthly, but closes them only at year-end (April 30). The

Ski Powder Resort ends its fiscal year on April 30. The business adjusts its accounts monthly, but closes them only at year-end (April 30). The resort's busy season is from December 1 through March 31.

Adrian Pride, the resort's chief financial officer, keeps a close watch on Lift Ticket Revenue and Cash. The balances of these accounts at the end of each of the last five months are as follows:

November 30 - Lift ticket revenue = $26000, Cash = $8000

December 31 - Lift ticket revenue = $200,000, Cash = $63000

January 31 - Lift ticket revenue = $680,000, Cash = $67,000

February 28 - Lift ticket revenue = $760000, Cash = $97,000

March 31 - Lift ticket revenue = $880,000, Cash = $110,000

Mr. Pride prepares income statements and balance sheets for the resort. Assuming they are prepared for:

a. The month ended February 28.

1. Indicate what amount will be shown in the statements for Lift Ticket Revenue. Lift ticket value = 2. Indicate what amount will be shown in the statements for cash Cash =
b. The entire "busy season to date" that is, December 1 through March 31.

1. Indicate what amounts will be shown in the statements for Lift Ticket Revenue. Lift ticket revenue = 2. Indicated what amount will be shown in the statements for cash Cash =
c.

In terms of Lift Ticket Revenue and increases in Cash, which has been the resort's best month? (Indicate the dollar amounts.)

Lift ticket revenue - Best month =

Lift ticket revenue - Amounts =

Cash - Best Month =

Cash - Amounts =

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