Splish Corporation, a publicly traded company, is preparing the interim financial data which it will issue to its stockholders and the

Securities and Exchange Commission $($SEC$)$ at the end of the first quarter of the $2025-2026$ fiscal year. Splish's financial accounting

department has compiled the following summarized revenue and expense data for the first quarter of the year.

Included in the fixed selling expenses was the single lump$-$sum payment of $$1,885,000$ for television advertisements for the entire

year.

Splish Corporation must issue its quarterly financial statements in accordance with generally accepted accounting principles

regarding interim financial reporting.

$($a$1)$

Should Splish report its operating results for the quarter as if the quarter were a discrete separate reporting period in and of itself,

or as if the quarter were an integral part of the annual reporting period.

eTextbook and Media

Attempts: $0$ of $3$ used

$($a$2)$

State how the sales revenue, cost of goods sold, and fixed selling expenses would be reflected in Splish Corporation's quarterly

report prepared for the first quarter of the $2025-2026$ fiscal year.

SPLISH CORPORATION

Revenue and Expenses

$2025-2026$

$