ACME Incorporated is a public company that sells home furnishing and interior design services. On March 20, 2020, ACME entered into a contract with a customer to supply living room furniture plus five hours of design time for $81,000. Additional design time can be purchased at $250 per hour. The cost of the furniture was $50,000 and the company normally sells furnishing at a 60% markup on cost. The furniture was delivered on April 15, 2020, and the design services were completed on May 02, 2020. The company separately tracks each revenue stream. Required: Prepare journal entries to record the sale. (round final calculations to the nearest dollar) (8 marks)