Eco Appliance Co. (Eco) manufactures low-price, no-frills appliances that are in great demand for rental units. Pricing and cost information on Eco's main products are as follows: Item Stand-alone Selling Price (Cost) Refrigerator $500 ($260) Range $560 ($275) Stackable washer/dryer unit $800 ($400) Customers can contract a purchase either individually or at the stated prices for a three-item bundle with a price of $1,800. The bundle price includes delivery and installation, Eco provides delivery and Installation standard with all products. The company follows IFRS. Instructions: (a) On June 1, 2017, Eco sold 100 washer/dryer units without installation to Laplante Rentals (Laplante) for $80,000. Laplante is a newer customer and is unsure of how this product will work in its older rental units. Eco offers a 60-day return privilege and estimates, based on prior experience with sales of this product, that 4% of the units will be returned. Prepare the journal entries for the sale and related cost of goods sold on June 1, 2017 (b) YellowCard Property Managers (Yellow Card) operates upscale student apartment buildings. On May 1, 2017, Eco signs a contract with YellowCard for 300 appliance bundles to be delivered and installed in one of its new buildings. YellowCard pays 20% cash at contract signing and will pay the balance upon delivery and installation no later than August 1, 2017. Prepare journal entries for Eco on (1) May 1, 2017 and (2) August 1, 2017, when all appliances will be delivered and installed (c) Epic Rentals (Epic) would like to take advantage of the bundle price for its 400-unit project; on February 1, 2017 Eco signs a contract with Epic for delivery and installation of 400 bundles. Under the agreement, Eco will hold the appliance bundles in its warehouses until the new rental units are ready for installation. Epic pays 10% cash at contract signing. On April 1, 2017, Eco completes manufacture of the appliances in the Epic bundle order and places them in the warehouse. Eco and Epic have documented the warehouse arrangement and identified the units designated for Epic. The units are ready to ship and Eco may not sell these units to other customers. What type of transaction is this? Prepare journal entries for Eco on (1) February 1, 2017 and (2) April 1, 2017