Oriole Company sells goods that cost $ 273,000 to Ricard Company for $441,000 on January 2,2017. The sales price includes an installation fee, which has a standalone selling price of $44,000. The standalone selling price of the goods is $ 397,000. The installation is considered a separate performance obligation and is expected to take 6 months to complete. (a) Prepare the journal entry (if any) to record the sale on January 2,2017. (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.) Date Account Titles and Explanation Debit Credit Jan. 2,2017 Accounts Receivable 441,000 Sales Revenue 0 397,000 Unearned Sales Revenue 0 44,000 Jan. 2, 2017 Cost of Goods Sold 273,000 Inventory 0 273,000 (b) Oriole prepares an income statement for the first quarter of 2017, ending on March 31, 2017 (installation was completed on June 18, 2017). How much revenue should Oriole recognize related to its sale to Ricard? First Quarter Sales Revenue 397,000 Cost of Goods Sold 295000 Gross Profit 102000