Journal entries related to the income statement. Toyota Motor Company (Toyota), the Japanese car manufacturer, reported Sales of Products of ¥22,670 billion for the year ended March 31, 2007. The Cost of Products Sold was ¥18,356 billion. Assume that Toyota made all sales on credit. By March 31, 2007, Toyota had collected cash for all the sales made on account during the fiscal year ended March 31, 2007. Provide the journal entries that Toyota made during the fiscal year ended March 31, 2007, related to these transactions. Toyota applies U.S. GAAP, and reports its results in millions of yen (¥).