Carla Vista Co. enters into a contact to sell Product A and Product B on January 2, 2020, for an upfront cash payment of $170,000. Product A will be delivered in two years (January 2, 2022) and Product B will be delivered in five years (January 2, 2025). Carla Vista Co. allocates the $170,000 to Products A and B on a relative stand-alone selling price basis as follows. Product A Product B Stand-Alone Selling Prices $36,000 144,000 $180,000 Percent Allocated 20% 80% Allocated Amounts $34,000 136,000 $170,000 Carla Vista Co. uses an interest rate of 5%, which is its incremental borrowing rate. Prepare the journal entries necessary on January 2, 2020, and December 31, 2020. (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 a enter o for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry needed on December 31, 2021. (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 amou Date Account Titles and Explanation Debit Credit December 31, 2021 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry needed on January 2, 2022. (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 Date Account Titles and Explanation Debit Credit January 2, 2022