1. Some of Claypool Hardware's transactions during the current year are as follows: Nov 5: Sold lumber on account to Bemidji Construction for $13,390. The inventory subsidiary ledger shows that the cost of this merchandise was $9,105. Nov 9: Purchased tools on account from Owatonna Tool Company for $3,800. Dec 5: Collected in cash $13,390 account receivables from Bemidji. Dec 9: Paid the $3,800 owed to Owatonna. Dec 31: Claypool's personnel counted the inventory on hand and determined its cost to be $182,080. The accounting records also, indicate inventory of $183,790 and a cost of goods sold of $695,222. a. Prepare journal entries to record these transactions and events in the accounting records of Claypool Hardware (the company uses perpetual inventory system)