On January 1.2020, Oriole Co, enters into a contract to sell a customer a wiring base and shelying unit that sits cn the base in exchange for $2,700. The contract requires delivery of the base first but states that payment for the base will not be made until the shelving unit is delivered. Oriole identifies two performance obligations and allocates $1.215 of the transaction price to the wiring base and the remainder to the shelving unit. The cost of the wiring base is $670; the shelyes have a cost of $290. (a) Prepare the journal entry on January 1,2020, for Oriole. (Credit account titles are automatically indented when the amount is entered. Do not indent monually. If no entry is required, select "No entry" for the occount tifles and enter O for the amounts)