On May 10,2020, Pronghorn Co. enters into a contract to deliver a product to Greig Inc on June 15,2020 . Greig agrees to pay the full contract price of $1,810 on July 15,2020 . The cost of the goods is $1,050. Pronghorn delivers the product to Greig on June 15,2020 , and receives payment on July 15, 2020. Prepare the journal entries for Pronghorn related to this contract. Either party may terminate the contract without compensation until one of the parties performs. (Credit occount 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 o for the ainounts.)