Stream Dance Company sells subscriptions for its dance season which includes 12 performances. The company received annual subscription payments on November 15 , 2015 for performances that will take place during 2016 in the amount of $240,000. The subscription payments will be earned equally for each dance performance. The first performance of the season is January 31, 2016. Required: Please show calculations Part a. Prepare the journal entry for the receipt of annual sub]scription payments on November 15, 2015. Part b. Prepare the required adjusting entry for the subscription payments on January 31 , 2016