N o complete) HW Score: 0%, 0 59-2 (similar to) Question Help Simkin Importers, Inc. sells coffee pots for $110 each On November 12, the company sold 50 to a customer on account with terms of 3/15, 1/30 The customer 20 of the coffee pots on November 27 and paid for the remaining 30 on December 11 Read the requirements customer is 60% likely to take the discount and ignore any constraints on variable consideration (Ignore the journal entry that would typically be necessary to rec the reduction of inventory and cost of goods sold ) Round to two decimal places. Begin by recording the transactions under the most-likely-amount methog, assuming that the customer will take the discount. (Record debits first, then credits Exclude explanations from any journal entries.) Nov. 12. The company sold 50 coffee pots to a customer on account with terms of 3/15, 1/30 Requirements Account November 12 a Choose from any list or enter any number in the input fields and then Provide the necessary journal entries for Simikin to record these transactions under both the most-likely-amount and expected-value methods. For the most likely-amount method, assume both that the customer will take the discount and won't take the discount. For the expected-value approach assume that the customer is 60% likely to take the discount and ignore any constraints on variable consideration (ignore the journal entry that would typically be necessary to record the reduction of inventory and cost of goods sold.) Round to two decimal places Provide a comparison of the impact on the income statement for each method 11 parts remaining b. W