Blossom Company sells 310 units of its products for $20 each to Kingbird Inc. for cash. Blossom allows Kingbird to return any unused product within 30 days and receive a full refund. The cost of each product is $12. To determine the transaction price, Blossom decides that the approach that is most predictive of the amount of consideration to which it will be entitled is the probability-weighted amount. Using the probability-weighted amount, Blossom estimates that (1) 10 products will be returned, and (2) the returned products are expected to be resold at a profit. Prepare the journal entries for Blossom at the time of the sale to Kingbird including any expected returns. The company follows IFRS. (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 "O" for the amounts.) Account Titles and Explanation Debit Credit (To record cash sale) (To record cost of goods sold)