On May 10, 2025, Wildhorse Co. enters into a contract to deliver a product to Crane Inc. on June 15, 2025. Crane agrees to pay the full contract price of $2,170 on July 15,2025 . The cost of the goods is $1,450. Wildhorse delivers the product to Crane on June 15,2025 , and receives payment on July 15,2025 . Prepare the journal entries for Wildhorse related to this contract. Either party may terminate the contract without compensation until one of the parties performs. (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 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)