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Cullumber Manufacturing Inc. is a local manufacturing company. Rather than sell its product directly, Cullumber ships its finished goods inventory to Oriole Retailing Ltd. who sells the product for Cullumber on consignment. During 2023, Cullumber ships $106,000 in merchandise to Oriole. At the end of 2023, Oriole has sold 65% of the merchandise for $73,000. Oriole notifies Cullumber of the sales, retains a 20% commission, and remits the cash due to Cullumber. (a) Prepare all the necessary journal entries on the books of Cullumber Manufacturing to record the consignment transactions. (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.) (To record shipped merchandise.) 2. (To record year end sales entry.) 3. (To record year end cost of goods.) Attempts: 0 of 1 used Sitmit Anower