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In December 18 , Inte/ receives $260,000 from a customer as down payment on a total sale of $2.6 million for computer chips to be ompleted on January 23. On January 23 , the computer chips were delivered and the remaining cash was received from the customer. issume Intel uses the perpetual inventory system, and the computer chips had a total production cost of \$1.6 million. etermine the financial statement effects of (1) the collection of the down payment on December 18 and (2) the delivery of inventory nd collection of remaining cash on January 23. Answer is not complete. Complete this question by entering your answers in the tabs below. Determine the financial statement effects of the collection of the down payment on December 18. (Enter your answers in dollars, not millions. example, $5.5 million should be entered as 5,500,000.)