On March $10,2025,$ Ivanhoe Company sold to Kingbird Hardware $190$ tool sets at a price of $$52$ each $($ cost $$32$ per set$)$ with terms of n$/60,$ f$.$o$.$b$.$ shipping point. Ivanhoe allows Metlock to return unused tool sets within $60$ days of purchase. Ivanhoe estimates that $(1)10$ sets will be returned. $(2)$ the cost of recovering the products will be immaterial, and $(3)$ the returned tools sets can be resold at a profit. On March $25,2025,$ Kingbird returned $7$ tool sets and received a credit to its account.

Prepare journal entries for Ivanhoe to record $(1)$ the sale on March $10,2025,(2)$ the return on March $25,2025$ and $(3)$ any adjusting entries required on March $31,2025.($ when Ivanhoe prepares financial statements$).$ Ivanhoe believes the original estimate of return is correct.