Oriole's Agency sells an insurance policy offered by Blue Spruce Insurance Company for a commission of $310. In addition, Oriole will receive a further commission of $52 each year for as long as the policyholder does not cancel the policy. After selling the policy, Oriole does not have any remaining performance obligations. Based on its significant experience with these types of policies, Oriole estimates that policyholders on average renew the policy for 4.5 years. It has no evidence to suggest that previous policyholder behaviour will change. Prepare the journal entry, assuming that the 125 policies are sold in January 2023 and that Oriole receives cash for commissions from Blue Spruce. (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. List all debit entries before credit entries.)