please solve both ex 1 & 2 by typing & thankyou

Exercise 1 (35 points) On January 1, 2019, Richardson Inc. entered into a contract to deliver one of its specialty mowers to kickapoo Landscaping Co. The contract requires Kickapoo to pay the contract price of 980 in advance on January 15, 2019. Kickapoo pays Richardson on January 15, 2019, and Richardson delivers the mower (with cost of 500) on January 31, 2019. Instructions a. Prepare the journal entry on January 1, 2019, for Richardson (5 pts). b. Prepare the journal entry on January 15, 2019, for Richardson (10 pts). c. Prepare the journal entry on January 31, 2019, for Richardson (20 pts). Exercise 2 (15 points) Presented below is information related to Ruby Inc's inventory: per unit Skis Boots Parkas Cost $199.00 110.00 48.00 215.00 150.00 Cost to sell 19.00 9.00 5.00 Cost to complete 23.00 28.00 19.00 Determine the following: a) the net realizable value for each item (6 pts), and b) the carrying value of each item under LCNRV (9 pts)