Ray’s Sporting Goods, Inc. shipped aluminum baseball bats on consignment to Mar-tin Stores on April 6, 2016. The total cost of the bats is $ 31,000 with a retail value of $ 50,000. Martin agrees to accept the consigned merchandise and is eligible to receive a 15% commission on all sales. Martin sells the entire shipment to Anoi College and received cash on May 28, 2016, and notifies Ray’s Sporting Goods immediately. Prepare the journal entries to record the consignment sale transactions on both Ray’s and Martin’s books.