Question 13 (4 + 4 +4 = 12 marks) In July 2021, Fed. Pty Ltd, an organisation involved in the surfing industry, provides two weeks of surfing lessons to a group of middle-aged executives employed by Gossip Pty Ltd. The lessons conclude on 15 July 2021. The contract with Gossip Pty Ltd requires it to make two deferred payments of $20,000 each to Fed Pty Ltd on 15 July 2022 and 15 July 2023. Fed. Pty Ltd typically provides credit arrangements to such customers at a rate of 8 per cent. All payments are correctly made by Gossip Pty Ltd on a timely basis. Provide all the journal entries for Fed. Pty Ltd to account for the revenue to be received (and actually received) from the customer. Ensure consideration is given to the time value of money. Show all workings. Please write your answer in the grey text box provided below