Wildhorse Company sells goods to Danone Inc. by accepting a note receivable on January 2,2020 . The goods have a sales price of $599,000 (cost of $520,000 ). The terms are net 30 . If Danone pays within 5 days, however, it receives a cash discount of $9,000. Past history indicates that the cash discount will be taken. On January 28,2020 , Danone makes payment to Wildhorse for the full sales price. Prepare the journal entry(ies) to record the sale and related cost of goods sold for Wildhorse Company on January 2, 2020, and the payment on January 28, 2020. Assume that Wildhorse 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 0 for the amounts.) (To record payment received) Prepare the journal entry(ies) to record the sale and related cost of goods sold for Wildhorse Company on January 2,2020 , and the payment on January 28, 2020. Assume that Wildhorse Company records the January 2, 2020, transaction using the gross 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 0 for the amounts.)