Gansac Publishing Company signed a contract with an author to publish her book. The signing took place on January $1,2019,$ and a payment of $$20,000$ was made to obtain a copyright. Gansac expects to sell $200,000$ books evenly between $2019$ and $2023$ at a price of $$10$ per book.

Required:

$1.$ Prepare journal entries to record the events related to the copyright and sales of the book during $2019$ and $2020,$ assuming that sales were as projected.

$2.$ Next Level How would your answer change if Gansac expected sales of the book to be $120,000$ copies in $2019,70,000$ copies in $2020,$ and $10,000$ copies over the remainder of the copyright$$s useful life?