Poor's Sporting Goods shipped aluminum baseball bats on consignment to Majestic Stores on April 6, 2016. The total cost of the bats is $31,000, with a retail value of $50,000. Poor's also incurred $1,000 of freight on the shipment. Majestic Corp. agrees to accept the consigned merchandise and is eligible to receive a 15% commission on all sales. Majestic sells 50% of the shipment to Anoka College and received cash on May 28, 2016, and notifies Poor's Sporting Goods immediately. Prepare all required journal entries on the books of Poor's Sporting Goods