You are the CFO of Sandgrain Ltd$.$ Sandgrain has recently entered a contract with Boon Ltd where Sandgrain agrees to the following terms:

Sandgrain provides:

$1)$ upfront advice on the first day of the contract $(1$ July $2021),$

$2)$ training for staff throughout the first year $(1$July $202130$ June $2022)$ and

$3)$ specialised software with online support for a two$-$year period $(1$July $202130$ June $2023).$

Boon Ltd pays $$3000$ on the first day of the contract, $$4500$ at $30$ June $2022$ and $$8000$ on $30$ June $2023.$ If sold separately, the fair value of the upfront advice is $$2000,$ training for a year is $$6000$ and specialised software with online support for two years would cost $$5000$ per year.

Top managers at Sandgrain Ltd receive bonuses based on performance measures. Key metrics include Return on Assets $($net profit after tax $/$ total assets$).$ Sandgrain Ltd has debt covenants with their debtholders which include maintaining the debt$-$to$-$equity $($D$/$E$)$ ratio $($calculated by dividing a company's total liabilities by its shareholder equity$)$ at a level less than or equal to one.

Please note: the financial year end is $30$ June. You may ignore the time value of money and tax effects.

Required:

$1)$ Provide all journal entries for Sandgrain Ltd from $1$ July $2021$ to $30$ June $2023.$ Narrations are NOT required.

$2)$ Assume the Return on Assets $($ROA$)($before taking the contract into account$)$ at $30$ June $2022$ is $$2800000/$ $$9000000$ and debt$-$to$-$equity $($D$/$E$)$ ratio at $30$ June $2022$ is $$3000000/$ $$6000000.$ Compute the new ROA and D$/$E ratio$$s at $30$ June $2022,$ after taking the contract with Boon Ltd into account.