Sporting Goods, Inc. shipped aluminum baseball bats on consignment to Watson Stores on April 6, 2016. The total cost of the bats is $38,500 with a retail value of $70,000. Watson agrees to accept the consigned merchandise and is eligible to receive a 16% commission on all sales. Watson sells the entire shipment to Searcy College and received cash on May 28, 2016, and notifies 's Sporting Goods immediately. a. First, record the consignment sale transactions on Bob's books. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required, select "No entry required" on the first account line and leave the remaining cells blank.) Prepare Bob's journal entry, if any, to record the shipment of inventory on April 6. b. Prepare Bob's journal entry, if any, to record the sale of inventory to Searcy College. Do not record any cost, this will be done in a separate step below. c. Prepare Bob's journal entry, if any, upon notification that the inventory was sold to Searcy College. d. Prepare Bob's journal entry, if any, to record the cost of sales. e. Now, record the consignment sale transactions on Watson's books. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required, select "No entry required" on the first account line and leave the remaining cells blank.) Prepare Watson's journal entry, if any, to record the shipment of inventory on April 6. f. Prepare Watson's journal entry, if any, to record the sale of inventory to Searcy College for cash. Do not record any cost, this will be done in a separate step below. g. Prepare Watson's journal entry, if any, upon notification that the inventory was sold to Searcy College. h. Prepare Watson's journal entry, if any, to record the cost of sales.