Oriole Company sells goods on credit that cost $320,000 to George Company for $407,000 on January 2, 2025. The sales price includes an installation fee, which has a standalone selling price of $38,500. The standalone selling price of the goods is $368,500. The installation is considered a separate performance obligation and is expected to take 6 months to complete. (a) Prepare the journal entries (if any) to record the sale on January 2, 2025. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation Jan. 2,2025 Jan. 2, 2025 (To record sales on account) (To record cost of goods sold) Debit Credit