Information follows for Sunland Company: 1. The beginning-of-the-year Accounts Receivable balance was $25,000. 2. Net sales for the year were $430,000. (Credit sales were $205,000 of the total sales.) Sunland does not offer cash discounts. 3. Collections on accounts receivable during the year were $155,000. Prepare summary journal entries to record the items noted above. (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 ttles and enter 0 for the amounts.)