Sunland Company sells goods to Danone Inc. by accepting a note receivable on January 2, 2020. The goods have a sales price of $589,100 (cost of $470,000). The terms are net 30. If Danone pays within 5 days, however, it receives a cash discount of $9.100. Past history indicates that the cash discount will be taken. On January 28, 2020, Danone makes payment to Sunland for the full sales price. (a) Prepare the journal entry(ies) to record the sale and related cost of goods sold for Sunland Company on January 2, 2020, and the payment on January 28, 2020. Assume that Sunland Company records the January 2, 2020, transaction using the net method. (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 Credit Date (To record sales) (To record cost of goods sold) (To record cost of goods sold) I (To record payment received) eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above