Cullumber Company sells total outdoor barbecue solutions, providing gas and charcoal barbecues, accessories, and installation services for custom patio barbecue stations. Respond to the requirements related to the following independent revenue arrangements for Cullumber products and services. Assume that Cullumber follows IFRS. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to O decimal places, e.g. 5,275.) Cullumber offers contract BM205, which comprises a free-standing gas barbecue for small patio use plus installation to a customer's gas line for a total price of $960. On a stand-alone basis, the barbecue sells for $860 (cost $495), and Cullumber estimates that the fair value of the installation service (based on cost-plus estimation) is $140. Cullumber signed 10 BM205 contracts on April 20, 2020, and customers paid the contract price in cash. The barbecues were delivered and installed on May 15, 2020. Prepare journal entries for Cullumber for BM205 in April and May 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold) The province of Ontario is planning major renovations in its parks during 2020 and enters into a contract with Cullumber ta purchase 420 durable, easy maintenance, standard charcoal barbecues during 2020. The barbecues are priced at $210 each (with a cost of $165 each), and Cullumber provides a 5% volume discount if Ontario purchases at least 320 grills during 2020. Cullumber delivers and receives payment for 300 barbecues on April 17.2020. Based on prior experience with province of Ontaria renovation projects, the delivery of this many barbecues makes it certain that Ontario will meet the volume discount threshold. Prepare the journal entries for Cullumber for barbecues sold on April 17, 2020, including any volume discounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit April 17 2020 (To record sales) April 17. 2020 (Ta record contract liability) April 17. 2020 (To record cost of goods sold) On October 1, 2020, Cullumber sold one of its super deluxe combination gas/charcoal barbecues to a local builder. The builder plans to install it in one of its "Parade of Homes' houses. Cullumber accepted a three-year, zero-interest-bearing note with a face amount of $6,602. The barbecue has an inventory cost of $3,348. An interest rate of 10% is an appropriate market rate of interest for this customer. Prepare the journal entries on October 1, 2020, and December 31, 2020. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record Journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit (To record sales) (To record cost of goods sold) e Textbook and Media List of Accounts