Sandhill Manufacturing Inc. shipped finished goods inventory with a total cost of $56,900 to Sweet Acacia Retailing Ltd. on May 1 . I he agreement between the two companies was that Sweet Acacia was to sell the product on consignment for Sandhill Manufacturing. Sandhill paid $5,300 in shipping costs in order to ship the merchandise. Sweet Acacia paid a local newspaper $1,900 for advertising costs (which Sandhill promised to reimburse). At September 30, the end of the accounting year for both companies, Sweet Acacia had sold 75% of the merchandise for total sales of $66,700. Sweet Acacia notified Sandhill of the sales, retained a 20% commission, and remitted the cash due to Sandhill. (a) Prepare the journal entries required by the above transactions on the books of Sandhill Manufacturing. (Round answers to 0 decimal places, e.g. 5,275. 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 O for the amounts. List all debit entries before credit entries. Use 'Revenue from Consignment Sales' for the entry.) (To record the shipment of merchandise to FFA on consignment.) 2. (To record the payment of shipping costs.) 3. . (To record the payment of shipping costs.) 3. (To record notification of consignment goods sold and receipt of cash remittance.) 4. (To record cost of goods sold and adjust inventory.)