Flounder Windows manufactures and sells custom storm windows for three-season porches. Flounder also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be performed by other vendors. Flounder enters into the following contract on July 1, 2020, with a local homeowner. The customer purchases windows for a price of $2,480 and chooses Flounder to do the installation. Flounder charges the same price for the windows irrespective of whether it does the installation or not. The customer pays Flounder $2,010 (which equals the standalone selling price of the windows, which have a cost of $1,140) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2020, Flounder completes installation on October 15, 2020, and the customer pays the balance due. (a) Flounder estimates the standalone selling price of the installation based on an estimated cost of $410 plus a margin of 20% on cost. Prepare the journal entries for Flounder in 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 O for the amounts. Round answer to O decimal places, e.g. 5,125.) (To record contract entered into) (To record sales) (To record cost of goods sold) To record numont rocaiund)