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 price of the installation service is estimated to have a fair value of $730. The customer pays Oriole $3,504 (which equals the fair value of the windows, which have a cost of $1,400) 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. (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 "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 presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation (To record sales) (To record cost of goods sold) Debit Credit