On January I, EDIT,yayai sells 3D angers to Mills FarmEr Fleet for $35,DDD. Mills signs a month note at an annual interest rate of IE%. Ayayai allows Mills to return any auger 'rat it cannot use within 5D days and receive a full refund. Based on prior experience, Ayayai estimates that 5% of units sold to customers like Mills will he returned (using the most likely outcome approach}. Ayayai's costs to recover the products will he immaterial, and the returned angers are expected to be resold at a prot. Prepare 111E journal entry for Ayayai on January I, EDIT. (Credit account titles are automatically indented when 111E amount is entered. Do not indent manually. If no entry is required, select \"No entry" for the account titles and enter D for the amounts.) [in August ID, EDIT, Ayayai sells 16 mini-trenchers to a farm co-op in western Minnesota. Ayayai provides a 4% volume discount on the minitrenchers if the co up has a 15% increase in purchases from Ayayai compared to 'tE prior year. |Given the slowdown in the farm economy, sales to the coop have been at, and it is highly uncertain that the benchmark will he met. Prepare the journal entry for Ayayai on August ID, EDIT. [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 D for the amounts. Round intermediate calculations to 5 decimal places, e.g. I.E-:lDST and nal answers to D decimal places, e.g. 5,1E5.) Ayayai sells three grainThay dryers to a local farmer at a total contract price of $d-D,DDD. In addition to the dryers, Ayayai provides installation, which has a standalone selling price of $9DD per unit installed. The contract payment also includes a $I,EDDI maintenance plan for the dryers for 3 years after installation. Ayayai signs the contract on June ED, EDIT, and receives a ED% down payment from the farmer. The dryers are delivered and installed on lCl'ctoher I, EDI T, and full payment is made to Ayayai. Prepare the journal entries for yayai in EDIT related to tis arrangement. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. It" no entry is required, select "No entry" for the account titles and enter D for re amounts