Consider the following two scenarios: Case A On 27 February 207, JJJ Inc. upgraded its windows and doors in order to make the building green-certified. The upgra have a 20 -year useful life. JJJ will receive a 30% rebate on total cost if it can demonstrate reduced utilities draw by 45% over a period. The funds are received up front, upon submission of the costs. A report is filed annually over the next 5 years. Total amo spent on upgrades: $4,860,000. Case BRBH Inc. was provided with a $240,000 forgivable loan to help offset increased sick pay that was mandated by the government. The Ioan is intended to provide relief 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 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Consider the following two scenarios: Case A On 27 February 207, JJJ Inc. upgraded its windows and doors in order to make the building green-certified. The upgra have a 20 -year useful life. JJJ will receive a 30% rebate on total cost if it can demonstrate reduced utilities draw by 45% over a period. The funds are received up front, upon submission of the costs. A report is filed annually over the next 5 years. Total amo spent on upgrades: $4,860,000. Case BRBH Inc. was provided with a $240,000 forgivable loan to help offset increased sick pay that was mandated by the government. The Ioan is intended to provide relief 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 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)