Ethan Allen Interiors Inc .. a leading manufacturer and  retailer of home furnishings and accessories. sells products through an exclusive network or approximately 300 design centers. All of Ethan Allen's products are sold by special order. Customers generally place a deposit equal to 25% to 50% of the purchase price when ordering. Orders take 4 to 12 weeks to be delivered. Selected fiscal-year information from the company's balance sheets is as follows ($ thousands):

a. In fiscal 2017. Ethan Allen reported total sales revenue of$ 763,385 (thousand). Assume that the company collected customer deposits equal to $200,000 (thousand) over the year. Prepare entries. using the financial statement effects template and in journal entry form, to record customer deposits and its sales revenue for fiscal year 2017.

b. Ethan Allen's cost of goods sold for 2017 was $343,662 (thousand). Prepare the adjusting entry, using the financial statement effects template and in journal entry form, that it made to record inventory acquisitions.

c. Where would you expect Ethan Allen to report its Customer Deposits?

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Selected Balance Sheet Data 2017 2016 Inventories.... Customer deposits .. $149,483 $162,323 62,960 60,958