Water World Inc., operates an aquarium and water park in Orlando, Florida. In addition to daily admission tickets, Water World offers two other ticket options. First, it offers an annual pass for $600 that allows unlimited access to the aquarium and theme park for one year from the date of purchase. In addition, it offers a Summer Fun Pass that allows unlimited access to the waterpark for June, July, and August for $450. Both pass options require full payment at the time of purchase. On April 1, 2017, Water World entered into a contract with a customer to purchase an annual pass. On that same date, it entered into another contract with a customer to purchase a Summer Fun Pass.1. Prepare Water World's journal entries in 2017 related to the annual pass.2. Prepare Water World's journal entries related to the Summer Fun Pass.