Consider the following two scenarios: Case A On 27 February 20X7, JJJ Inc. upgraded its windows and doors in order to make the building green-certified. The upgrades have a 20-year useful life. JJJ will receive a 30% rebate on total cost if it can demonstrate reduced utilities draw by 40% over a 5-year period. The funds are received up front, upon submission of the costs. A report is filed annually over the next 5 years. Total amount spent on upgrades: $5,060,000. Case B RBH Inc. was provided with a $340,000 forgivable loan to help offset increased sick pay that was mandated by the government. The loan is intended to provide relief for the first 2 years of the program. Required: Prepare the journal entries: Under both the net and the deferral method If it is netted against expenses or recorded as income (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)