On May $10,2025,$ Cullumber Co$.$ enters into a contract to deliver a product to Oriole Inc. on June $15,2025.$ Oriole agrees to pay the full contract price of $$2,060$ on July $15,2025.$ The cost of the goods is $$1,350.$ Cullumber delivers the product to Oriole on June $15,2025,$ and receives payment on July $15,2025.$ Prepare the journal entries for Cullumber related to this contract. Either party may terminate the contract without compensation until one of the parties performs