On October 1, 2021, Johnny Hooker, Inc. signs a purchase commitment with Riley & Cole, Inc. that in 2022 JH will take delivery of 6,000 tons of paper at a price of $98 per ton. On December 31, the price of paper has fallen to $91 per ton, JH takes delivery of all 6,000 tons on January 16, 2022. Make the journal entries for Johnny Hooker, Inc. for each of the dates indicated, if no entry is needed, you must state, "no entry October 1, 2021 December 31, 2021 January 16th On February 27th, sells the 6,000 tons to a customer for $118 per ton. Make the journal entry (or entr for February 27th