On March 1, 2020, Coronado Company sold goods to Goosen Inc. for $612,000 in exchange for a 5-year, zero-interest-bearing note in the face amount of $1,078,553 (an inputed rate of 12%). The goods have an inventory cost on Coronado's books of $380,000. (a) Prepare the journal entries for Coronado on March 1, 2020. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 1, 2020 (To record sales) (To record cost of goods sold) (b) Prepare the journal entries for Coronado on December 31, 2020. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec 31, 2020 Martinez, Inc. began work on a $7,465,000 contractin 2020 to construct an office building. During 2020, Martinez, Inc. incurred costs of $1,720,960, billed its customers for $1.293,000, and collected $1.051.000. At December 31, 2020, the estimated additional costs to complete the project total $3,657,040. Prepare Martinez's 2020 journal entries using the percentage-of-completion method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. For costs incurred use account Materials, Cash, Payables. If no entry is required, select "No entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To record costs incurred.) (To record billings.) (To record collections.) masaniasanai