Readers Digest Association is a publisher of magazines, books, and music collections. The following note is from a recent annual report:Sales of our magazine subscriptions are deferred $($as Deferred revenue$)$ and recognized as revenues proportionately over the subscription period.$$Assume that Readers Digest $($a$)$ collected $$402$ million in $2019$ for magazines that will be delivered later in $2019$ and $2020,$ and $($b$)$ delivered $$198$ million worth of magazines on these subscriptions in $2019.$Required:$1.$ Using the information given, indicate the effects $($accounts and amounts$)$ of the transactions involving $$402$ million and $$198$ million, on the accounting equation. $($Enter your answers in whole dollars. Enter any decreases to accounts with a minus sign.$)2.$ Using the information given, prepare the journal entries that would be recorded in $2019$ and $2020.($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in whole dollars.$)$