Recording Revenue and Receivables Under a Consignment Arrangement On March 15, Drexel Corp. provides goods to a retailer through consignment where Drexel Corp. tetains ownership of the goods until the goods are sold to the retailers customer. Sale to the final customer is documented when the goods are sconhed at the cash register of the retaller. Drexel Corp. receives a daly report on the number of units sold by the retailer to the end customer. Acy unsold product can be returned to Dresel Corp. at any time. Dreael Corp has the right through the contract to recall any goods shipped and to transfer the goods to another retailer as a way to increase the rate of sales to the final customer. Aftec the sale of the products to the final customer, the retailer cannot refurn the items to Drexel Corp During March, Dresel Corp. transfered 600 units to the retailer, and the retailer sold 500 units. The product cost Drexel Corp. 130 per unt and the product was sold for 5115 per unit to the end customer. The feta ler sent a payment to Drexel Corp. for the conh collected on the sale of product less a 104 commision on April 7. a. Ae what bolnt should Drexel Corti. recoenlte reventue? b. Record Drexels entries on March 15, March 31 (the period-end) and April 7. - Note: if a journal entry isn't required on any of the dates shown, select "N/A-debit" and "N/A-credit" as the account names and leave the Dr, and Cr. answers blank (rero). Please answer all jarts of the muestion