Oriole Windows manufactures and sells custom storm windows for porches, Oriole also provides installation service for the windows: The installation process does not involve changes in the windows, so this service can be performed by other vendors. Oriole enters into the following non-cancellable contract on July 1,2023, with a local homeowner. The customer purchases windows for a price of $4,300 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 $3,504 (which equals the fair value of the windows, which have a cost of $1,400 ) on dellvery 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. (a) 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 $730 plus a margin of 20% on cost. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter " 0 " for the amounts. Round percentage allocations to 2 decimal places, e.g. 15.25\% and final answers to 0 decimal places, es. 5.275. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) (To record sales) (To record cost of goods sold) Prepare the journal entries for Oriole on July 1, September 1, and October 15, 2023 given the uncertainty of finding skilled labour. Oriole is unable to develop a reliable estimate for the fair value of the installation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter of for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Question 24 of 25 (To record sales) (To record cost of goods sold) eTextbook and Media Swe for Later Attempts: 0 of 2 used Submit