The Woodson Theater sells season theater tickets for $200 each. Each ticket entitles the customer to attend 5 plays. The first play will be in December On December 1, 20X1, 300 season tickets were sold for $200 each in cash. During December, the first play out of the five was shown. The remaining plays will be shown next year. Required: Assuming all journal entries and adjusting entries have been made in 20X1, answer the following two questions. Note: Do not use decimals or cents in your response Question #1 : What should be the amount of "Ticket Revenue. the theater reports on its income statement for 20X17 Answers Question #2: What should be the Deferred Ticket Revenue. balance reported on the balance sheet at 12/31/X17 Answer: S