[The owowing mormationapoles to the questons aisplayed below Conde Nast is a publisher ofmagazines. ts accounting policy Tor subscriptions Tollows: Sales of our magazine subscriptions are deferred as unearned revenue) and recognized as revenues proportionately over the subscription period. Assume that Cond Nast (a collected $420 million In 2015 for magazInes that will be dellvered later In 2015 and 2016, and (by delivered $204 ml on worth of magazines on these sub In 2015. Required: 1. Using the information given, indicate the accounts, amounts, and accounting equation effects of transactions (a) and (b). (Enter any decreases to account balances with a minus sign. Enter your answers in whole dollars.) Transaction Assets Liabilities (b) Stockholders' Equity