Sta Wert, incorporated, operotes a downhill ski area near Lake Tahoe. Calffornia An all day adult lift ticket can be purchased for $85 Aduit customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from December 1 through April 30 . Ski West expects its sevson pass holders to use their pusses equally throughout the scason The company's fiscal year ends on December 31 . On Novernber 6, 2024, Ska West selis a season pass to Jake Lawson for $450 Required: 1. When should Sla West recognize revenue from the sale of its season passes? 2. What are the financial statement effects from the sale of the season pass on November 6, 2024? 3. What will be included in Ski West's 2024 income statement and bolance sheet related to the sale of the season pass to take Lawson? Complete this question by entering your answers in the tabs below. When should sid West recognice revenua from the sale of its season passes? Coanplete 1his question by entering your answers in the tabs fobow. Required: 1. When should Ski West recognize revenue from the sale of its season passes? 2. What are the financial statement effects from the sale of the season pass on November 6, 2024? 3. What will be included in Ski West's 2024 income statement and balance sheet related to the sale of the season pass to Jake Lawson? Complete this question by entering your answers in the tabs below. What will be induded in Sid West's 2024 income statemert and balance sheet related to the sale of the season pass to Jake Lawson