(10 marks, 12 minutes) On February 1, 2020, Mac Millian Inc entered into a contract with Learning Gee to supply 25 security cameras at their daycare facility. Details of the contract are as follows: . The contract price is $50,000 and includes the supply and complete installation of the monitors. Individual cameras of this quality normally sell for $2,000 The cameras cost $1,400 each to build. LearningGee was quoted an installation price of $175 per camera by an independent installation company. The cameras were delivered on March 15, 2020 and 50% of the camera's were installed that same day. The remaining camera's were installed on April 15, 2020. Learning Gee made the contract payment on April 18, 2020 Required Prepare the journal entries for the above transaction (be sure to include the relevant dates). (10 marks, 12 minutes) On February 1, 2020, Mac Millian Inc entered into a contract with Learning Gee to supply 25 security cameras at their daycare facility. Details of the contract are as follows: . The contract price is $50,000 and includes the supply and complete installation of the monitors. Individual cameras of this quality normally sell for $2,000 The cameras cost $1,400 each to build. LearningGee was quoted an installation price of $175 per camera by an independent installation company. The cameras were delivered on March 15, 2020 and 50% of the camera's were installed that same day. The remaining camera's were installed on April 15, 2020. Learning Gee made the contract payment on April 18, 2020 Required Prepare the journal entries for the above transaction (be sure to include the relevant dates)