Pharoah Company sells goods to Coronado Company during 2023. It offers Coronado the following rebates based on total sales to Coronado. If total sales to Coronado are 8,200 units, it will grant a rebate of 2%. If it sells up to 19,600 units, it will grant a rebate of 4%. It if sells up to 30,000 units, it will grant a rebate of 6%. In the first quarter of the year, Pharoah sells 9,800 units to Coronado, on account, at a sales price of $98,000. Based on past experience, Pharoah has sold over 40,000 units to Coronado, and these sales normally take place in the third quarter of the year. (a) Your answer is partially correct. Prepare the journal entries including any rebates that Pharoah should make to record the sale, on account, of the 9,800 units in the first quarter of the year assuming Pharoah follows IFRS. Ignore any cost of goods sold entry. (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.) Account Titles and Explanation Accounts Receivable Debit 98000 Credit Sales Revenue (To record sale on account) Inventory on Consignment Revenue from Consignment Sales (To record rebate) 5880 98000 5880