Sunland Company sells goods that cost $$300,000$ to Charlie Company for $$400,000$ on January $2,2023.$ The sales price includes an isntallation fee, which is valued at $$36,900.$ The fair value of the goods is $$373,100.$ The goods were delivered on March $1,2023$ installation is considered a separate performance obligation and was completed on June $18,2023.$ Under the terms of the contract, Charlie pays Sunland $$254,000$ on delivery of the goods and the balance at the completion of the installation.Prepare the journal entries for Sunland on January $2,$ March $1,$ and June $18,2023.($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 $0$ for the

amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

No Entry

No Entry

$($To record sales$)$

$($To record cost of goods sold$)$

Accounts Receivable

$[$