1. On December 3 , Cullumber Company sold $640,000 of merchandise to Blossom Co. on account. The cost of the merchandise sold was $422,400 2. On December 8, Blossom Co. returned $32,000 of merchandise purchased on December 3 . The cost of the goods was $20.480. 3. On December 13 , Cullumber Company received the balance due from Blossom Co. Prepare a tabular summary to record these transactions for Cullumber Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45).) Stockhoiders' Equity Retained Earnings Exp. $ Cost of goods sold Sales revenue Accounts recievable Sales returns \& allowances Bad debt expense