Question 3 (9 Marks) In 2020, the following transaction occurred between Senators Wholesale Corp. (consignor) and Canadiens Stores (consignee): On March 2, 2020 Senators shipped merchandise costing $ 52,000 to Canadiens. Senators paid $ 4,000 for freight and. By the end of the third quarter of 2020 (September 30, 2020), Canadiens advised Senators that all the merchandise has been sold for $70,000 and forwarded the proceeds (net of a 15% commission) to Senators. Instructions 1. Prepare all entries for Senators to account for this transaction. (6 marks) 2. Prepare all entries for Canadiens to account for this transaction. (3 marks) 3