Indicates a required fe FORUM DESCRIPTION Read the vase below on Cast Analys, Income Statement based on material presented in Chapter 2 Five to six times a year, Kicker puts on tent sales in various cities throughout Oklahoma and the surrounding states. The tent sales are designed to show Kicker customers new products engender enthusiasm about those products, and sell soon to be out-of-date products at greatly reduced prices. Each tent sale lasts one day and requares parking lot space to set up the kicker semitrailer a couple of show cars a disc jockey playing music a tent to sell ticker merchandise, distribute brochures and so on. Last year, the Austin, TX tere sale was held in a corner of the parking lot outside the city exhbmon hall where the automotive show was in progress Because most customers were interested rone in the new model cars than in the refurbishment of their current cars foot traffic was low in addition, customers did not want to carry speakers and amplifiers all the way back to where they had originally parked. Total direct costs for this tent sale were $14,300 Direct costs included gasoline and fuel for three pickup trucks and the semitrailer wapes and per diem for the five cer personnel who traveled to the show rent on the parking lot space and depreciation on the semitrailer, pickups, tent, tables on tent sound equipment and the like. Revenue $20,000 Cost of goods sold for the speakers was $7,000 Conceptual Connection Using the discussion board explain how does the company account for the cost of the bent sales? What income statement items are affected by tent sales? What do you think Kicker might do to make it more profitable in the future? Why? Submission Guidelines: Each student must submit an original post by Thursday at 115pm 27 and read and respond to at least two classmates posts before Sunday at 11:59pm ET. Keep in mind, that you will not see other students' posts until you submit your initial posting Need Help? For step by step instructions on how to post to the discussion board in eam, please refer to thw and targe MESSAGE best company jubovt 1001PM