need detailed calculations and steps

Blossom Co.enters into a contact to sell Product A and Product B on January 2, 2020, for an upfront cash payment of $210,000. Product A will be delivered in two years (January 2, 2022) and Product B will be delivered in five years (January 2, 2025). Blossom Co. allocates the $210,000 to Products A and B on a relative stand-alone selling price basis as follows. Stand-Alone Selling Prices Percent Allocated Allocated Amounts Product A $55,000 25% $52,500 Product B 165.000 75% 157,500 $220,000 $210,000 Blossom Co. uses an interest rate of 6%, which is its incremental borrowing rate. Your Answer Correct Answer (Used) Your answer is partially correct. Prepare the journal entries necessary on January 2, 2020, and December 31, 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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit anuary 2, 2020 Cash 210000 Unearned Revenue December 31, 2020 Interest Expense 12600 Unearned Revenue 126000 e Textbook and Media List of Accounts Your Answer Correct Answer (Used) * Your answer is incorrect. Prepare the journal entry needed on December 31, 2021. (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 Ofor the amounts.) Date Account Titles and Explanation Debit Credit December 31, 2021 e Textbook and Media List of Accounts X Your answer is incorrect. Prepare the journal entry needed on January 2, 2022. (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.) Date Account Titles and Explanation Debit Credit January 2. 2022 e Textbook and Media List of Accounts Your Answer Correct Answer X Your answer is incorrect. Using Excel or a financial calculator, calculate the amount of revenue to be recognized for Product B. (Round answer to 2 decimal places, e.g. 5,275.25.) Amount of revenue to be recognized $ Prepare the journal entry needed on January 2, 2025. (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 Ofor the amounts. Round answers to o decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit January 2. 2025 e Textbook and Media