The Columbus Bluebirds football team sells a 12-game season ticket for $270. Assume that the team sells 600 season tickets on August 10. The tickets are all used for admission. a. What is the financial statement effect of the sale of the season tickets on August 10? b. What is the financial statement effect of one game of earned revenue on September 12? Income Statement Expenses = Net Income Assets Transaction a. Sale of season tickets b. Revenue earned on September 12 Balance Sheet = Liabilities + 162,000 (162,000) X Equity 0 162,000 x Revenues 0 0 162,000 0 0 0 x 0 162,000 x