1. Prepare journal entries related to revenue recognition (62 points) A. In June 2022, Myler Company signed a contract to sell 400 of its products to Dolan Co, for $40,000 ( $100 per product). The products will be delivered to Dolan over the next 6 months. After 250 products are delivered, the contract is modified and Myier promises to deliver additional 110 products (in addition to the 400 products of the original contract) for an additional $10,569 ( $96 per product). All sales are cash on delivery. In July 2022, the company delivers 100 more products for cash $10,000. Prepare the journal entry for the delivery, sssuming that the pricing for the additional products does not reflect the standalone selling price of the additional products (12 points). 1. Prepare journal entries related to revenue recognition (62 points) A. In June 2022, Myler Company signed a contract to sell 400 of its products to Dolan Co, for $40,000 ( $100 per product). The products will be delivered to Dolan over the next 6 months. After 250 products are delivered, the contract is modified and Myier promises to deliver additional 110 products (in addition to the 400 products of the original contract) for an additional $10,569 ( $96 per product). All sales are cash on delivery. In July 2022, the company delivers 100 more products for cash $10,000. Prepare the journal entry for the delivery, sssuming that the pricing for the additional products does not reflect the standalone selling price of the additional products (12 points)