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t Required information The following information applies to the questions displayed below) A local theater company sells 1,050 season ticket packages at a price of

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t Required information The following information applies to the questions displayed below) A local theater company sells 1,050 season ticket packages at a price of $260 per package. The frst show in the 10-show Part 1 of 2 season starts this week (el The sale of the season tickets before the first show (01 The revenue from fufilling the performance obligation by putting on the first show 1 Indicate the effects of the amounts for the above transactions (Enter any decreases to assets, Sabilities, or stockholders equity with a minus sign.) b)

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