Sage Company sells on credits goods that cost $301,000 to Ricard Company for $402,000 on January 2, 2020. The sales price includes an installation fee, which has a standalone selling price of $37,000. The standalone selling price of the goods is $365,000. The installation is considered a separate performance obligation and is expected to take 6 months to complete. (a) Prepare the journal entries (if any) to record the sale on January 2, 2020. (Credit account titles are automatically indented when 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.) Date Account Titles and Explanation Jan. 2, 2020 Jan. 2, 2020 (To record sales on account) (To record cost of goods aold) Debit Credit (b) Sage prepares an income statement for the first quarter of 2020, ending on March 31, 2020 (installation was completed on June 18, 111111e cale to Picard?