On July 10, 2020, Indigo Music sold CDs to retailers on account and recorded sales revenue of $658.000 cost $506,6601 Indigo grants the right to return CDs that do not sell in 3 months following delivery. Past experience indicates that the normal return rate is 15%. By October 11, 2020, retailers returned CDs to Indigo and were granted credit of $80,000 Prepare Indigo's journal entries to record (a) the sale on July 10, 2020, and (b) $80,000 of returns on October 11, 2020 and on October 31, 2020. Assume that Indigo prepares financial statement on October 31, 2020. (Credit account titles are automatically indented when 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 (To record sales) (To record cost of goods sold) (To record sales returns) look