Evergreen Company selis lawn and garden products to wholesalers. The company's fiscal year-end is December 31. During 2024, the following transactions related to receivables occurred: February 28 sold merchandise to Lennox, Incorporated, for $18,000 and accepted a 83, 7-month note. 81 is an appropriate rate for this type of note. March 31 sold merchandise to Maddox Company that had a fair value of $11,960, and accepted a noninterest-boaring note for which $13,000 payment is due on Mareh 31,2025. April 3 Sold merchandise to Care Company for $11,000 with termi 3/10,n/30. Evergreen usen the gross method to account for cash discounta. Apri1 11 collected the entire amount due from Carr Company April 17 A customer returned merchandise conting $4,900. Evergreen reduced the cuntomer' I recoivable balance by $6,700, the nales price of the merehandiso. Salen returno are recorded by the company as they occur. April 30 Transferred receivables of $67,000 to a factor without recourse. The factor charged Evergreen a 21 finance charge on the receivables transferred. The sale criteria are met. June 30 Discounted the Lennox, Incorporated, note at the bank. The bank's discount rate is 108. The note vas discounted without recourse. Septenber 30 Lennox, Incorporated, paid the note amount plus interest to the bank. Required: 1. Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold. 2. Prepare any necessary adjusting entries at December 31, 2024. Adjusting entries are only recorded at year-end. 3. Prepare a schedule showing the effect of the journal entries on 2024 income before taxes. Complete this question by entering your answers in the tabs below. Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions involving the sale of merchandise, Ignore the entry for the cost of goods sold. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field