Wildhorse Co. enters into a contract to sell Product A and Product B on January 2, 2023, for an upfront cash payment of $160,000. Product A will be delivered in two years (January 2, 2025) and Product B will be delivered in five years (January 2, 2028). Wildhorse allocates the $160,000 to Products A and B on a relative stand-alone selling price basis as follows. Wildhorse uses an interest rate of 5%, which is its incremental borrowing rate. Prepare the journal entries needed on January 2, 2023, and December 31, 2023. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Prepare the journal entry needed on December 31, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.) Prepare the journal entry needed on January 2, 2025. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Using Excel or a financial calculator, calculate the amount of revenue to be recognized for Product B. (Round answer to 2 decimal places, e.g. 5,275.25.) Amount of revenue to be recognized \$ eTextbook and Media List of Accounts Attempts: 0 of 3 used Prepare the journal entry needed on January 2, 2028. (Credit account titles are automatically indented when the amount is entered. D not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, eg. 5,275. List debit entry before credit entry.)