Consider the following two scenanos Case A On 27 February 207,JJJ Inci. upgraded its windows and doors in order to make the bullding green-certifed. The upgrades have a 20 -year useful ife. JJJ will recelve a 30% rebate on total cost if it can demonstrate reduced uthtles draw by 60% over a 5 -year period. The funds are receved up front, upon submission of the costs. A report is filed annually over the next 5 years. Total amount spent on upgrades: $5,180,000 Case B RBH inc was provided with a $400,000 forgivable loan to heip offset increased sick pay that was mandated by the government. The ioan is intended to provide rellef for the first 2 years of the program. Required: 1. Prepare the journal entries 1. Under both the net and the deferral method 2. If it is netted against expenses or recorded as income of no entry is required for a tronsoction/event, select "No journal entry required" in the first account fieid.) Journal entry worksheet \( \begin{tabular}{llllllll} 2 \) & 3 & 4 & 5 & 6 & 7 & 8 \end{tabular}) ? Record the $5,180,000 cost incurred on bulling upgrades under the net method. Note: Enter debta belore cuedits. 2. This part of the question is not part of your Connect assignment