wenton 15 On May 1, 2021. Sharp Company entered into a contract to sell a customer a server and the customized rack that houses the servei exchange for $20.700. The contract requires delivery of the rack first but states that payment for the rack will not be made until the serveris delivered. Sharp identifies two performance obligations and allocates $6.100 of the transaction price to the rack and the remainder to server. Sharp's cost for the rack is 55,600 Cost for the server is $10,300 Sharp delivers the rack to the customer on August 1 Sharp delivers the server to the customer on September 15 and receives full payment Prepare Sharp's journal entries for May 1. August 1, and September 15, There may be more than one journal entry needed for each date. If no journal entry is needed for that date, enter "No Journal Entry For the toolbar SEALTHFIOCO ALTFNF1D Mart B IS Paragraph Ann 10pt ill 2 L 2 Q d 5