Accounting for Sales on Credit: Gross Method On December 29, 2020, Sabre Company sold merchandise for $4,000 on credit terms, 3/10, n/60. The accounting period ends December 31. Provide the following entries under the gross method. Note: If a line in a journal entry isn't required for the transaction, select "N/A" as the account name and leave the Dr. and Cr. answers blank (zero). a. Record the 2020 sale. Omit the cost of good sold entry. Account Name = = Dr. Cr. 0 0 0 b. Record collection of the account, assuming collection took place on January 5, 2021. Cash Account Name Dr. Cr. 0 0 = 0 0 0 0 c. Record collection of the account, assuming collection took place on April 1, 2021. Account Name Dr. Cr. = 0 0 0 d. Indicate what should be reported on the balance sheet (ignoring cash) and income statement for both 2020 and 2021. Note: Indicate a contra account balance with a negative sign. 1. First assume parts a and b occur. Balance Sheet, Dec 31 Income Statement Sales Revenue, net 2. Now assume parts a and c occur. Balance Sheet, Dec 31 Income Statement 2020 2021 0 0 2020 2021 0 0 2020 2021 0 0 2020 2021 0 0 Sales Revenue, net Please answer all parts of the question. Cash Accounts Receivable Allowance for Doubtful Accounts Interest Receivable Receivable from Factor Note Receivable Discount on Note Receivable Payable to Seller of Receivables Refund Liability Recourse Liability Note Payable Sales Revenue Sales Returns Sales Discount Sales Discount Forfeited Financing Revenue Interest Revenue Cost of Goods Sold Bad Debt Expense Finance Expense Interest Expense Loss on Sale of Note Loss on Sale of Receivables N/A