Cheyenne Company els 107 units of its products for 20 each to Logan Inc. for cash. Cheyenne allows Logan to return any unused product within 30 days and receive a full refund. The cost of each products $11. To determine the transaction price, Cheyenne decides that the approach that is most predictive of the amount of consideration to which it will be entitled is the probability weighted amount. Using the probaty-weighted amount, Cheyenne estimates that (1) 10 products will be returned and (2) the returned products are expected to be resold at a pront. () adicate the amount of Net sales. () indicate the amount of estimated liability for refunds. Liability for Refunds (c) Ind cate the amount of cost of goods sold that Cheyenne should report in its financial statements (assume that of the products have been returned at the financial statement date) Cost of Goods Sold Coronado Inc, sells prepad telephone cards to customers. Coronado then pays the telecommunications company. Teletxpress, for the actual use of its telephone lines related to the prepaid telephone cards. Assume that Coronado sells $3,700 of prepaid cards in January 2017. It then pays TeleExpress based on usage, which turns out to be 45% in February, 30 in March, and 25% in April. The total payment by Coronado for Telexpresses over the months is $3,020. Indicate how much income Coronado should recognize in January February March, and April (ir answer is please enter . Do not leave any Helds blank.) January income February income March income April income