Special Days is a public company that sells customized products. On December $20,$ the company received a purchase order and payment from a customer $($Kate McVige$)$ for the purchase of $100$ custom vases. The vases will be used as a wedding favor and engraved "Kyle and Kate, $2023."$On December $31,$ Special Days shipped the completed order to Ms$.$ McVige, and Ms$.$ McVige received the vases via USPS on January $3.$ Special Days sells its goods FOB Shipping Point, meaning control transfers to the customer at the time of shipment. Company policy allows customers to return merchandise within $30$ days for a full refund if they are not to the customer's satisfaction. Historically, Special Days has experienced product return rates of $2\mathrm{.}5\%.$The vases sell for $$35$ each and cost the company approximately $$15$ each.

$1..$Special Days must determine when it can recognize the revenue from the sale, and in what amount? For example, should Special Days wait until the $30-$day return window lapses? Citing guidance from the Codification as support.

$2.$ Show the journal entries that Special Days should record at the time of order, at the time of shipment, and$$if applicable$$upon expiration of the return window