On December 10, 2019, Kool-Air Solutions agreed to manufacture and supply 780 refrigerators used by Vandelay Industries. Vandelay deposited $180 per unit upon signing the 3-year purchase agreement which set the selling price of each refrigerator at $965. Kool-Air's inventory cost is $480 per unit. No units were delivered during 2019. During 2020, 175 units will be delivered during 2021, 320 units will be delivered, and during 2022, the remaining units will be delivered. Assume Kool-Air uses a perpetual inventory system and Vandelay pays in cash upon delivery of units for amounts not covered by the deposit Required: 1. Conceptual Connection: Prepare the entry by Kool-Air to record receipt of the deposit during 2019. How would the deposit be reported in the financial statements at the end of 2019? 2. Conceptual Connection: Prepare the entry by Kool-Air to record the delivery of 175 units during 2020. How would the deposit be reported in the financial statements at the end of 2020? 3. Prepare the entry by Kool-Air to record the delivery of 320 units during 2021