Oriole Windows manufactures and sells custom storm windows for enclosed porches

Oriole Windows manufactures and sells custom storm windows for porches. Oriole also provides installation service forthe windows. The installation process does not involve changes in the windows, so this service can be performed by othervendors. Oriole enters into the following non-cancellable contract on July 1, 2023, with a local homeowner. The customer purchases windows for a price of $4,500 and chooses Oriole to do the installation. Oriole charges the same price for the windows regardless of whether it does the installation or not. The customer pays Oriole $3,672 (which equals the fair value ofthe windows, which have a cost of $1,300) on delivery and the remaining balance on installation of the windows. The windows are delivered on September 1, 2023, Oriole completes installation on October 15, 2023, and the customer pays the balance due. Perform step 4 of the five-step process for revenue recognition. Prepare the journal entries for Oriole assuming Oriole estimates the stand-alone value of the installation based on an estimated cost of $765 plus a margin of 20% on cost. (Creditaccounttitlesare automaticallyindentedwhen theamountis entered. Donotindentmwnually. Ifnoentryisrequired, select NoEntry for the account titles and enter O for the amounts Round percentage allocations to 2 decimal places, e.g. 15.25% and final answers to O decimal places, e.g. 5,275. Record journal entries in the order present" in the problem. List all debit en tries before credit entries.) Account Titles and Explanation (To record sales) (To record cost of goods sold) Debit Credit suppc