B1) ABC Ltd has a contract with their customer XYZ Ltd. to provide printer cartridges as needed each month. Each cartridge costs $25. If XYZ Ltd. purchases over 1,100 printer cartriages in the year, they will receive a volume rebate that reduces the cost per printer cartridge to $20 each. The sales to XYZ Ltd. are as follows: January 50 printer cartridges, February 150 printer cartridges and March 100 printer cartridges. In March ABC Ltd. receives information that they expect ZYZ Ltd. will meet the threshold of the volume rebate. Required: Prepare the journal entries for ABC Ltd. for January, February and March. ( 4 Marks)