Kingbird Company sells total outdoor grilling solutions, providing gas and charcoal grills, accessories, and installation services for custom patio grilling stations. Respond to the requirements related to the following independent revenue arrangements for Kingbird products and services. Click here to view factor table. Kingbird offers contract GM205, which is comprised of a free-standing gas grill for small patio use plus installation to a customer's gas line for a total price $859. Ona standalone basis, the grill sells for $744 (cost $459), and Kingbird estimates that the standalone selling price of the installation service (based on cost-plus estimation) is $165. (The selling of the grill and the installation services should be considered two performance obligations.) Kingbird signed 10 GM205 contracts on April 20, 2020, and customers paid the contract price in cash. The grills were delivered and installed on May 15, 2020. Prepare journal entries for Kingbird for GM205 in April and May 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts. Round answers to decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold) The State of Kentucky is planning major renovations in its parks during 2020 and enters into a contract with Kingbird to purchase 370 durable, easy maintenance, standard charcoal grills during 2020. The grills are priced at $220 each (with a cost of $172 each), and Kingbird provides a 5% volume discount if Kentucky purchases at least 300 grills during 2020. On April 17, 2020, Kingbird delivered and received payment for 280 grills. Based on prior experience with the State of Kentucky renovation projects, the delivery of this many grills makes it certain that Kentucky will meet the discount threshold. Prepare the journal entries for Kingbird for grills sold on April 17, 2020. Assume the company records sales transaction net. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold)