3 Problem 6-5 (Algo) Variable consideration (L06-3, 6-6] On January 1 Revis Consulting entered into a contract to complete a cost reduction program for Green Financial over a six-month period Revis will receive $22.00 from Green at the end of each month of total cost saving teach a specific target Revin will receive an additional $11.200 from Green at the end of the contract. But if total cost savings fall short Reves will refund $1200 to Green Revis estimates an 80% chance that cost savings we reach the target and calculates the contract price based on the expected value of future payments to be received Required: Prepare the following journal ertes for Ren 1 to 3. Prepare the malenty on January 31 Tecord the collection of car and recognition of the best mot revence. Also record the only on June 30 for receipt of the bonus in total cost savings And record on one 10 for payment of the poing total cost savings fall shortorget it no entry is required for a transaction event, select "No jumalanny required in the first account field) 3. 1 2 3 Record the collection of cash and recognition of the first month's revenue 10 por BOOK General Journal Dell Date January 31 Hecord entry Clear entry View general Journal 3 2 Record the receipt of the bonus assuming total cost savings exceed target 10 points Non debit before credits Deb Date June 30 Record entry Clear entry View general journal Preu 11 NA 3 1 2 3 30 por Record the payment of penalty target that total cost savings fall short of wo ticketer debit before create General Journal Debit Date June 30 Record Clean View general journal