Prepare the journal entry(ies) to record the sale and related cost of goods sold for Blue Company on January 2, 2020, and the payment on January 28, 2020. Assume that Blue Company records the January 2, 2020, transaction using the gross method. (Credlt account ttiles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount tities and enter 0 for the omounts.) Slue Company sells goods to Danone Inc. by accepting a note receivable on January 2, 2020. The goods have a sales price of $551,000 cost of $480,000). The terms are net 30 . If Danone pays within 5 days, however, it receives a cash discount of $11,000. Past history ndicates that the cash discount will be taken. On January 28, 2020, Danone makes payment to Blue for the full sales price