Hi, please help! Please provide the detailed solution of how you get these answers! Follow the chart below to answer the question, and answer the question only in the case you can follow the instruction listed here and answer them all. Thanks.

Exercise 18-4 (Part Level Submission) Culver Company sells goods to Danone Inc. by accepting a note receivable on January 2, 2017. The goods have a sales price of $620,100 (cost of $470,000). The terms are net 30. If Danone pays within 5 days, however, it receives a cash discount of $10,100. Past history indicates that the cash discount will be taken. On January 28, 2017, Danone makes payment to Culver for the full sales price. Your answer is correct. Prepare the joumal entryies) to record the sale and related cost of goods sold for Culver Company on anuary 2, 2017, and the payment on lanuary 28, 2017. Assume that Culver Company records the anuary 2, 2017, transaction using the net method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Ifno entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit an. 2, 2017 Notes Receivable 610000 Sales Revenue 610000 (To record sales) Cost of Goods Sold 470000 Inventory 470000 (To record cost of goods sold) Jan. 28, 2017Cash 620100 Notes Receivable 610000 Sales Discounts Forfeited 10100 (To record payment received)