Wildhorse Manufacturing Inc. shipped finished goods inventory with a total cost of $57,800 to FFA Retailing Ltd. on May 1. The agreement between the two companies was that FFA was to sell the product on consignment for Wildhorse Manufacturing. Wildhorse incurred $5,500 in shipping costs in order to ship the merchandise. FFA paid a local newspaper $2.100 for advertising costs (which Wildhorse promised to reimburse). At September 30, the end of the accounting year for both companies, FFA had sold 75% of the merchandise for total sales of $67.700. FFA notified Wildhorse of the sales, retained a 20% commission, and remitted the cash due to Wildhorse. Prepare the journal entries required by the above transactions on the books of Wildhorse Manufacturing. (Round answers to o decimal places, eg. 5,275. 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 tities and enter for the amounts.) Debit Credit No. Account Titles and Explanation 1. (To record shipped merchandise.) 2. 2. (To record shipping costs.) 3. (To record notification of consignment goods sold and receipt of cash remittance.) 4. (To record year end cost of goods.)