Greg Ogden Belting Company makes all sales of industrial conveyor belts under terms of FOB shipping point. The company usually receives orders for sales approximately one week before shipping inventory to customers. For orders received late in December, Greg Ogden, the owner, decides when to ship the goods. If profits are already at an acceptable level. Ogden delays shipment until January. Il profits for the current year are lagging behind expectations. Ogden ships the goods during December. Required 1. Under Ogden's FOB policy, when should the company record a sale? 2. Do you approve or disapprove of Ogden's manner of deciding when to ship goods to cus- tomers and record the sales revenue? If you approve, give your reason. If you disapprove, identify a better way to decide when to ship goods. (There is no accounting rule against Ogden's practice.)