Carla Vista Company sells goods that cost $490,500 to Tri Town Company for $559,500 on January 2,2025 on account. The sales price includes an installation fee, which is valued at $54,000. The fair value of the goods is $505,500. The installation is considered a separate performance obligation and is expected to take 6 months to complete. (a) Prepare the journal entries (if any) to record the sale on January 2, 2025. (List all debit entries before credit entries. Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required. select "No Entry" for the account tittes and enter o for the amounts.) Carla Vista prepares an income statement for the first quarter of 2025, ending on March 31, 2025 (installation was completed on June 18,2025 ). How much revenue should Carla Vista recognize related to its sale to Tri Town? Date Account Titles and Explanation Debit Credit Jan.2,2025 Accounts Recelvable 559,500 Unearned Service Rovenue 54000 Siles Revenue 505.500 (To record sales on account) Jan. 2, 2025 Cost af Goods Sold 490,500 Imventory 490,500 (To record cost of goods sold) eTextbook and Media List of Accounts Attempts: 1 of 4 used (b)