Consider the following two scenarios: Cose A On 27 February 207,JJ inc upgraded its windows and doors in order to make the buliding green-certified. The upgrades have a 20 -year useful life. JJJ will recelve a 30% rebate on total cost if it can demonstrate reduced utilites draw by 55% over a 5 -year period. The funds are recelved up front, upon submission of the costs. A report is filed annually over the next 5 years. Total amount spent on upgrades: $5,120,000. Cose B RBH inc. was provided with a $370,000 forgivable loan to help offset increased sick pay that was mandated by the government. The loan is intended to provide rellet 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 transection/event, select "No journal entry required" in the first account fleld.) Journal entry worksheet 2345678 Record the $5,120,000 cost incurred on building upgrades under the net method. Notet Enter debits before credits. 2. This port of the quention is not part of your Connect assignment