On July 22, 2021. Champion Incorporated sold on account 650 toaster ovens to a regional retailer, PC Inc. Champion Incorporated sells each toaster oven for $120. Each toaster oven has a cost of $62 to Champion Incorporated Champion Incorporated will allow PC Inc. to return any number of the toaster ovens within 45 days of the purchase date. Based on past experience, 2% of toaster ovens sold will be returned within the refund period. On August 3, 2021, PC Inc. returned 9 of the toaster ovens to Champion Incorporated. On August 12, 2021, PC Inc. paid for the remainder of the toaster ovens previously purchased Champion Incorporated follows IFRS. Required: Prepare all entries for Champion Incorporated to account for the sale of the toaster ovens to PC Inc. (4 marks) the return of the toaster ovens by PC Inc. (2 marks) the payment for the toaster ovens by PC Inc. (1 mark) any journal entries required at the end of the return period. (2 marks)