On Friday, April 30, 2021, Hardeep, the regional controller, is working on the financial statements when, Karen, the general manager of the wholesale division of Magellan Inc. (a publicly traded company with an August 31 fiscal year end), walks into his office. She says, "I just got a phone call from one of our customers for an order of 12,500 toilet plungers with a sales value of over $100,000 to be prepared over the weekend for shipment by priority courier on Monday May 21 Can you please make sure to record the transaction as sales today. We've had a rough year thanks to COVID-19, and this sale will improve our April results. It will also help us meet the bank's requirement to maintain an acceptable level of working capital and enable us to meet our performance target for the year."