Blossom Manufacturing Inc. is a local manufacturing company. Rather than sell its product directly, Blossom ships its finished goods inventory to CMR Retailing Ltd., who sells the product for Blossom on consignment. During 2020, Blossom ships $ 100,000 in merchandise to CMR. At the end of 2020, CMR has sold 65% of the merchandise for $ 60,000. CMR notifies Blossom of the sales, retains a 20% commission, and remits the cash due to Blossom. Prepare all the necessary journal entries on the books of Blossom Manufacturing to record the consignment transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation Debit Credit 1. (To record shipped merchandise) 2. 2. (To record year end sales entry) 3. (To record year end cost of goods)