1. Prepare the journal entries for Canton Company for the sale of the merchandise, the cost of the sale, and the related receipt of payment from Flower Corporation. Assume that Flower Corporation takes the discount if payment is within the discount period. 2. Indicate which company (Canton or Flower) owns the merchandise at the end of each of the following dates: a. April 3 b. April 4 c. April 10 (Assume that Canton Company uses the gross method of recording sales discounts.)