Problems. Each problem has a page. Keep each problem and corresponding answers within the same single page. Problem 1 (10 points) Bikeway Tour provides bike tunning services in Nashville, Tennessee. A three-month pass for bicycle turning sells for $60, which entitles the customer for an unlimited number of bicycle tunings during the contract period. Bikeway estimates that pass holders tune their tour bicycles equally throughout the three-month period. On December 1st, customers purchased $1,260 of the three-month passes, with usage of the passes occurring evenly throughout the contract period. Required: 1) Prepare the journal entries that Bikeway would record on December 1 and on December 31, 2021, with respect to this transaction 2) State the account titles and amounts that will be included in Bikeway's 2021 income statement and balance sheet