Sage Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench- digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Sage's products. Pricing and cost information on three of Sage's most popular products are as follows. Item Standalone Selling Price (Cost) Mini-trencher $ 3.600 $2,000) Power fence hole auger 1,300 (700) Grain/hay dryer 12.600 (10,400) Respond to the requirements related to the following independent revenue arrangements for Sage Ranch & Farm. d) On April 25, 2020, Sage ships 110 augers to Farm Depot, a farm supply dealer in Nebraska, on consignment. By June 30, 2020. Farm Depot has sold 80 of the consigned augers at the listed price of $1,300 per unit. Farm Depot notines Sage of the sales. retains a 10% commission, and remits the cash due Sage. Prepare the journal entries for Sage and Farm Depot for the consignment arrangement (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 for the amounts.) Account Titles and Explanation Debit Credi Date Entries for Sage Jun 30, 2020 (To record payment received) (To record cost of sales) Entries for Farm Depot (To record consignment sales) (To record payment)