The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity of 107,500 fans. Assume the stadium sells out all six home games before...

The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity of 107,500 fans. Assume the stadium sells out all six home games before the season begins, and the athletic department collects $64.5 million in ticket sales.

Required:

1. What is the average price per season ticket and average price per individual game ticket sold?

2. Record the advance collection of $64.5 million in ticket sales.

3. Record the revenue earned after the first home game is completed.