Lift-It Equipment Company (LEC) specializes in equipment for warehouses. LEC offers forklifts, self-propelled elevated work platforms, and offers an optional twoyear maintenance agreement on the equipment that it sells. The equipment and the maintenance agreements can be purchased individually, or as a package. Each sales order is customized to the needs of the customer. On August 1, 2022, LEC sold a forklift, a self-propelled elevated work platform, and a two-year maintenance agreement to Storage Solutions Inc, for a price of $32,000, with payment due on November 1,2022 . The maintenance coverage term would commence when the equipment was delivered. The equipment was delivered to Storage Solutions Inc. on October 1 , and the payment received on November 1 . If each component had been purchased separately, the price would have been: Forklift: Sales price $30,000; Cost $20,000 Self-propelled elevated work platform: Sales price $6,000; Cost $4,200 Maintenance agreement: Sales price $4,000; Cost dependent on services needed Required: Provide the journal entries related to this sale for the year 2022 , assuming LEC has a December 31 year end. Round all entries to the nearest dollar