Please help with part B $($the debits and credit part$)$:

Blossom Corp. designs and builds custom harvesting equipment for logging companies across Canada. The company, which is publicly

traded, has a May $31$ year end. On February $18,2024,$ Blossom signed a contract with Bridgeport Harvesting Ltd$.$ to design and build

$25$ custom harvesters that can harvest wood at the steep grades found along many of the Pacific Coast timber stands included in

Bridgeport's harvesting leases. The following events took place in $2024$ in relation to the contract:

February $18$: Officials from Blossom and Bridgeport sign the contract. The contract was for $$7\mathrm{.}4$ million. Blossom is to design,

manufacture, and deliver the $25$ machines to Bridgeport's operations centre in Duncan, British Columbia. Blossom's

management estimates that the design component of the contract would be valued at $$571,000$ if contracted for separately,

while the machine construction component of the contract would be valued at $$7\mathrm{.}3$ million if the machines were purchased

separately. Blossom agrees to provide a three$-$year assurance$-$type warranty for the machines, and the company's

management estimates that the warranty claims would total $$297,000$ based on past experience. Bridgeport agrees to pay a

$$1,610,000$ deposit within $10$ days of signing the contract and to pay the balance within $15$ days of the equipment being

delivered.

February $25$: Bridgeport pays the deposit specified in the contract.

March $28$: Blossom's engineering staff complete the equipment design and it is approved by officials from Bridgeport.

May $18$: Blossom completes construction of the $25$ harvesters.

May $20$: The $25$ harvesters are loaded onto Blossom's trucks and are delivered to Bridgeport's operation centre in Duncan

later that day.

June $2$: Bridgeport pays the balance owing on the contract.