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Ski Powder Resort ends its fiscal year on April 30. The business adjusts its accounts monthly, but closes them only at year-end (A 30). The resort's busy season is from December 1 through March 31 Adrian Pride, the resort's chief financial officer, keeps a close watch on Lift Ticket Revenue and Cash. The balances of these acc at the end of each of the last five months are as follows. Lift Ticket Cash Revenue $ 27,000 $ 9,000 59,000 72,000 97,000 November 30 200,000 690,000 810,000 December 31 January 31 February 28 March 31 890,000 120,000 Mr. Pride prepares income statements and balance sheets for the resort. Assuming they are prepared for: a. The month ended February 28. 1. Indicate what amount will be shown in the statements for Lift Ticket Revenue. 2. Indicate what amount will be shown in the statements for Cash b. The entire busy season to date - that is, December 1 through March 31. 1. Indicate what amount will be shown in the statements for Lift Ticket Revenue. Cash 2. Indicate what amount will shown in the statements c. In terms of Lift Ticket Revenue and increases in Cash, which has been the resort's best month? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B1 Req C Req B2 Indicate what amount will be shown in the statements for Lift Ticket Revenue. Lift ticket revenue
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