Pogrund Vacation Propenties sells real estate in Florida. Pogrund requires potential buyers who are interested in a property to remit a $10.000 deposit to show good faith before recelving detailed information about a property. The deposit is fully refundable until a contract is signed. When a controct is signed, the buyer must make on additional deposit to bring the total deposit up to 10% of the purchase price. At that point, the entire deposit becomes nonrefundable. On December 31, 20X1, David Corporation makes a good falth deposit of $10,000. David makes an additional $85,000 deposit on March 31,202, when it signs a contract to purchase property from Pogrund for $950,000, bringing its total deposit up to 10% of the purchase price. On June 30,202, David Corporation informs Pogrund that it has decided to terminate the contract, as is its right, and will not complete the purchase of the property. Under the terms of the contract, the entire deposit was nonrefundable and is retained by Pogrund. Required: 1. What is the journal entry Pogrund makes to record the receipt of the $10,000 good faith deposit on December 31,201 ? 2. What is the journal entry Pogrund makes on March 31,202, to record the receipt of an additional $85,000 from Dovid Corporation when it signs the contract? 3. What is the journal entry Pogrund makes on June 30,202, when David notifies Pogrund that it is terminating the contract? (For all requirements, if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Prepare the entry to record the receipt of a good faith deposit from David corporation