Research and document the appropriate accounting framework for this contract. Also, provide the journal entries that RockIt should record upon signature of the contract and upon exercise of its option, assuming that RockIt exercises the option to purchase the stock five months after signing, when the stock is trading at $130/share. Discount Bubbly SodaPro sells flavored water products to customers. SodaPro offers a promotion whereby current customers can receive $10 off their next purchase of a case of water, valued at $300. A convenience store places an order on 1/1/X1 for two cases of water and requests that the promotion be applied to its purchase. SodaPro delivers the product on 1/3/X1. Research and document the appropriate accounting by SodaPro for this transaction, and provide the appropriate journal entries