With SPPI's financial statements as at and for the year ended December 31, 2020 finalized and submitted to the bank, you are able to record the transactions SPPI has entered into in 2021. On February 11, SPPI entered into a contract to sell $315,000 of toilet paper to a new retail customer. According to the contract, the customer will take delivery on March 31 with payment due no later than June 30 and the customer is entitled to return any unsold toilet paper remaining in its inventory on May 31. Cost of goods sold related to this sale totaled $236,200. Weldon thinks the customer has overestimated demand and expects the customer to return toilet paper sold for $47,250 and with a cost of $35,400 on May 31. Based on this information, you are to prepare the journal entries (in good form) required on the dates that follow. If no journal entries are required on a particular date, you must state that no journal entries are required. You intend to provide detailed supporting calculations and round all amounts to the nearest dollar