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exercises 0 Saved Holt Industries received a $1,400 prepayment from the Ramirez Company for the sale of new office furniture. Holt will bill Ramirez an

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exercises 0 Saved Holt Industries received a $1,400 prepayment from the Ramirez Company for the sale of new office furniture. Holt will bill Ramirez an additional $2.500 upon delivery of the furniture to Ramirez. Upon receipt of the $1.400 prepayment, how much should Holt recognize for a contract asset, a contract liability, and accounts receivable? (Leave no cells blank - be certain to enter "0" wherever required.) Contract asset Contract liability Accounts receivable

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