(1) Richardson Company sells tablet PCs bundled with Internet service, which permits the tablet to connect to the Internet anywhere and set up a Wi-Fi hotspot. Richardson's bundle includes the tablet and Internet service plus a service plan for the tablet PC (for any repairs or upgrades to the tablet or the Internet connections) during the 3-year contract period. That product bundle sells for $600. Richardson sells the tablet, internet access service, and service plan independently for a standalone price of $265, $275, and $155, respectively, Richardson Company signed 250 contracts on April 1, 2019, receiving a total of $150,000 in cash Required: Prepare any journal entries to record the revenue arrangement for Richardson on April 1, 2019 and December 31, 2019. When allocating the bundle price of S600 to individual product and services, round the allocated prices to whole dollar. (5 points) (2) On May 3, 2017. Forest Company consigned 60 freezers, costing 5500 each, to Remington Company. The cost of shipping the freezers amounted to $900 and was paid by Forest Company. On December 30, 2017, a report was received from the consignee, indicating that 45 freezers had been sold for $800 each Remittance was made by the consignee for the amount due after deducting a commission of 10% advertising of 5550 Required: Provide journal entries for Consignor and Consignee, respectively, to record the following events. (5 points) Forest Company (Consignor) Remington Company (Consignee) Notification of sales and expenses and remittance of amount due Adjustment of inventory on consignment for cost of sales