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Culver Comparry sells total outdoor grilling solutions, providing gas and charcoal grills, accessories, and installation services for custom patio grilling stations. Respond to the requirements related to the following independent revenue arrangements for Culver products and services. Click here to view factor table Culver offers contract GM205, which is comprised of a free-standing gas grill for small patio use plus installation to a customer's gas line for a total price $828. On a standalone basis, the grill sells for $711 (cost $431 ), and Culver estimates that the standalone selling price of the installation service (based on cost-plus estimation) is $165. The selling of the grill and the installation services should be considered two performance obligations) Culver slgned 10GM205 contracts on April 20, 2020, and customers paid the contract price in cash. The grills were delivered and installed on May 15, 2020. Prepare journal entries for Culver for GM205 in April and May 2020. (Credit occount titles are outomatically indented when the amount is entered. Do not indent manually If no entry is required, select "No entry' for the occount tities and enter O for the amounts. Round answers to 0 decimal ploces, es. 5,275.) The State of Kentucky is planning malor renovations in its parks during 2020 and enters into a contract with Culver to purchase 400 durable, easy maintenance, standard charcoal grills during 2020. The grills are priced at $210 each (with a cost of $160 each). and Culver provides a 5% volume discount if Kentuchy purchases at least 290 grilis during 2020. On April 17, 2020, Culver delivered and received payment for 270 grills, Based on prior experience with the State of Kentuchyrenovation projects, the dellvery of this mary grils makes it certain that Kentucky wili meet the discount threshold, Prepare the joumal entries for Culver for grilis sold on April 17, 2020. Assume the company records sales transaction net. (Gredit occount titles are outomatically indented when the omount is entered. Do not indent manuolly. If no entry is required, select "No entry" for the occount titles and enter O for the amounts.) Culver sells its specialty combination gas/wood fired zrills to local restaurants. Each grill is sold for $1.040(cost$596) on credit with terms 3/30, net/90. Prepare the journal entries for the sale of 20 grills on September 1,2020, and upon payment, assuming the customer paid on (1) September 25, 2020, and (2) October 15, 2020. Assume the company records sales net (Credit occount. N ( On October 1, 2020, Culver sold one of its super deluxe combination gas/charcoal grills to a local bulider The builder plans to install it in one of its "Parade of Homes" houses. Culver accepted a 3-year, zero-interest-bearingnote with face amount of $5,803. The grill has an inventory cost of $2,848. An interest rate of 10% is an appropriate market rate of interest for this customer: Prepare the journal entries on October 1, 2020, and December 31, 2020. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount tities and enter o for the amounts Round present volue foctor colculations to 5 decimol places, eg. 1.25124 and the final answer to 0 decimal places es. 58,971.)