Tavey Purification Limited ('TPL'), which uses IFRS, manufactures and sells portable heaters. TPL sells is heaters to large retailers such as Home Depot and Canadian Tire. The payment terms are FOB Shipping Point with payment due within 45 days after shipment. Up to 6 months after shipment, retailers may retum a maximum of 40% of the heaters, with past experience showing that returns typically average 12% Separate from the return policy. TPL offers a 30-days warranty on its products at no additional cost to the retailers or the retailers' customers. TPL's records show that warranty claims average 3% of net sales on November 16,2021 . TPL shipped heaters to retailers and invoiced the retalers $150000 The cont at goods was $120,000 Required: 1. Prepare all of the applicable joumal entry or entries to record the transaction on November 16 2. On December 16 , TPL fulfilled warranty claims which amounted to $2,000. Prepare the applcatie journal entry or entries for this situation. 3 On December 31, $135,000 was collected relating to the November 16 transaction whice $15,000 worth of heaters was retumed. Prepare the applicable foumal entry or entices for the colkction and return