Help with red boxes, they are wrong:

Blossom Corp. designs and builds custom harvesting equipment for logging companies across Canada. The company, which is publicly $($b$)$

Your answer is partially correct.

Prepare Blossom's required journal entries for all of the dates appearing above along with any other necessary journal entries for

the contract based on your analysis in part $($a$).($Credit account titles are automatically indented when 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. List all debit entries before credit

entries. Round answers to O decimal places, e$.$g$.125.)$

List of Accounts

traded, has a May $31$ year end. On February $18,2024,$ Blossom signed a contract with Bridgeport Harvesting Ltd$.$ to design and build

$25$ custom harvesters that can harvest wood at the steep grades found along many of the Pacific Coast timber stands included in

Bridgeport's harvesting leases. The following events took place in $2024$ in relation to the contract:

February $18$: Officials from Blossom and Bridgeport sign the contract. The contract was for $$7\mathrm{.}4$ million. Blossom is to design,

manufacture, and deliver the $25$ machines to Bridgeport's operations centre in Duncan, British Columbia. Blossom's

management estimates that the design component of the contract would be valued at $$571,000$ if contracted for separately,

while the machine construction component of the contract would be valued at $$7\mathrm{.}3$ million if the machines were purchased

separately. Blossom agrees to provide a three$-$year assurance$-$type warranty for the machines, and the company's

management estimates that the warranty claims would total $$297,000$ based on past experience. Bridgeport agrees to pay a

$$1,610,000$ deposit within $10$ days of signing the contract and to pay the balance within $15$ days of the equipment being

delivered.

February $25$: Bridgeport pays the deposit specified in the contract.

March $28$: Blossom's engineering staff complete the equipment design and it is approved by officials from Bridgeport.

May $18$: Blossom completes construction of the $25$ harvesters.

May $20$: The $25$ harvesters are loaded onto Blossom's trucks and are delivered to Bridgeport's operation centre in Duncan

later that day.

June $2$: Bridgeport pays the balance owing on the contract.