Sunland Company is presently testing a number of new agricultural seed planters that it has recently developed. To stimulate interest it has decided to grant to five of its largest customers the unconditional right of return of these products if not fully satisfied. The right of return extends for 4 months. Sunland estimates returns of 15%. Sunland sells these planters on account for $1,550,000 (cost $697,500 ) on January 2, 2025. Customers are required to pay the full amount due by March 15, 2025. (a) Your answer has been saved. See score details after the due date. Prepare the journal entry for Sunland at January 2, 2025. (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 0 for the amounts. List all debit entries before credit entries.) Assume that one customer returns planters on March 1, 2025, due to unsatisfactory performance. Prepare the journal entry to record this transaction, assuming this customer purchased $97,000 of planters from Sunland. (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 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)