Section 2 - Problem 2 (5 marks): On November 1, 2021 Mike's Sheds Inc. - Aviation Division sold one of its planes, the Plywood Pelican, to Lucky Airlines for $1,200,000. The purchase includes a testing and commissioning contract valued at $250,000. The Plywood Pelican, without a testing and cmmissioning contract, normally sells for $1,100,000. Lucky agreed to pay $100,000 upfront (on Nov 1), and the remainder upon delivery of the plane on Dee 1. The testing and commissioning was completed on Dec 10. Prepare all the journal entries for Mike's Sheds Inc. for this transaction. Ignore the COGS