Blossom Manufacturing Inc. shipped finished goods inventory with a total cost of $49,800 to FFA Retailing Ltd. on May 1. The agreement between the two companies was that FFA was to sell the product on consignment for Blossom Manufacturing. Blossom incurred $5,400 in shipping costs in order to ship the merchandise. FFA paid a local newspaper $2,000 for advertising costs (which Blossom promised to reimburse). At September 30, the end of the accounting year for both companies, FFA had sold 75% of the merchandise for total sales of $67,800. FFA notified Blossom of the sales, retained a 20% commission, and remitted the cash due to Blossom Prepare the journal entries required by the above transactions on the books of Blossom Manufacturing. (Round answers to O decimal places, e.g. 5,275. 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 Ofor the amounts.) No. Account Titles and Explanation Debit Credit 1. (To record shipped merchandise.) 2. (To record shipping costs.) 3. (To record notification of consignment goods sold and receipt of cash remittance.) 4. (To record year end cost of goods.) Prepare the journal entries required by the above transactions on the books of FFA Retailing. (Round answers to 0 decimal places, e.g. 5,275. 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 payment of advertising.) 2. (To record year end sales entry.) 3. (To record remittance to consignor.)