1. (6 points) Raine Corporation uses the net method to record sales made on credit. On June 1, 2021, Raine made sales of $50,000 with terms of 3/15, n/45. Raine paid its supplier $35,000 for these goods. On June 18, 2021, full payment was received from the buyer for the 06/01/21 sale. Assuming Raine uses the perpetual inventory method, prepare all required journal entries for Raine Corporation for this sale