I need

1. Jan. 2 2022 table two value

2. Amount of revenue to be recognized

3. Jan2, 2025 table two value

Sheridan Co. enters into a contact to sell Product A and Product B on January 2, 2020, for an upfront cash payment of $240,000. Product A will be delivered in two years (January 2, 2022) and Product B will be delivered in five years (January 2, 2025). Sheridan Co. allocates the $240,000 to Products A and B on a relative stand-alone selling price basis as follows. Product A Product B Stand-Alone Selling Prices $62,500 187,500 $250,000 Percent Allocated 25% 75% Allocated Amounts $60,000 180,000 $240,000 Sheridan Co.uses an interest rate of 8%, which is its incremental borrowing rate. Prepare the journal entry needed on January 2, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Date January 2, 2022 Unearned Revenue Sales Revenue Using Excel or a financial calculator, calculate the amount of revenue to be recognized for Product B. (Round answer to 2 decimal places, e.g. 5,275.25.) Amount of revenue to be recognized $ 69984 Prepare the journal entry needed on January 2, 2025. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit January 2, 2025 Unearned Revenue 69984 Sales Revenue 69984