Oriole Company sells goods to Coronado Company during 2020. It offers Coronado the following rebates based on total sales to Coronado. If total sales to Coronado are 7,600 units, it will grant a rebate of 2%. If it sells up to 19,200 units, it will grant a rebate of 4%. It if sells up to 30,400 units, it will grant a rebate of 6%. In the first quarter of the year, Oriole sells 11,400 units to Coronado at a sales price of $114,000. Based on past experience, Oriole has sold over 40,000 units to Coronado, and these sales normally take place in the third quarter of the year.

a) Prepare the journal entries including any rebates that Oriole should make to record the sale of the 11,400 units in the first quarter of the year. Oriole follows IFRS.