Exercise $9-8($Static$)$ Calculate earned revenues LO $9-1$

Kirkland Theater sells season tickets for six events at a price of $$240.$ In pricing the tickets, the planners assigned the leadoff event a value of $$60$ because the program was an expensive symphony orchestra. The last five events were priced equally; $1,800$ season tickets were sold for the $2022$ season.

Required:

a$.$ Calculate the theater's earned revenue after the first three events have been presented.

Note: Do not round intermediate calculations.

b$.$ About $95\%$ of the season ticket holders attended the first event. Subsequent events were attended by about $80\%$ of the season ticket holders. Would the attendance data impact revenue recognition?

a$.$ Revenue earned

b$.$ Would the attendance data impact revenue recognition?