Kims industries manufactures and sells custom blenders. Kims also provides installation service for the blenders. The installation process does not involve changes in the blenders, so this service can be performed by other vendors. Kims enters into the following contract on March 1, 2017, with a local homeowner. The customer purchases blenders (which have a cost of 5,500) for a price of $8,400 and chooses Kims to do the installation. Kims charges the same price for the blenders irrespective of whether it does the installation or not. The installation service is estimated to have a standalone selling price of $1,100. The customer pays Kims $7,500 upon delivery and the remaining balance upon installation of the blenders. The blenders are delivered on June 1, 2017, Kims completes installation on July 15, 2017, and the customer pays the balance due. Prepare the journal entries for Kims in 2017. (Round amounts to nearest dollar)