The new 2004 models will be delivered to retailers in April, 2004. Using your professional judgment and knowledge of accounting theory, how would you account for the above transactions as they relate to the 2003 Financial Statements (i.e., what would you recognize and what would you not recognize in 2003 on the financial statements)? What is the basis (rationale) for this accounting (i.e., be specific on how and when you will recognize transactions and WHY; refer to the appropriate accounting principles and concepts)?