(c) Waterway sells three grain/hay dryers to a local farmer at a total contract price of $49,200. In addition to the dryers, Waterway provides installation, which has a standalone selling price of $900 per unit installed. The contract payment also includes a $1,200 maintenance plan for the dryers for 3 years after installation. Waterway signs the contract on June 20, 2020, and receives a 20% down payment from the farmer. The dryers are delivered and installed on October 1, 2020, and full payment is made to Waterway. Prepare the journal entries for Waterway in 2020 related to this arrangement. (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. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Jun. 20, 2020 Oct. 1, 2020 (To record payment received) (To record sales) (To record cost of goods sold) Dec. 31, 2020 V