1 The Sun company had the following transactions during February Februry 1 Purchased 280 units of flowers $13 each. The credit terms were 3/8; n/30. The transportation cost was $100, FOB destination point. Februry 2 The Sun company returned 30 flowers because they were wrong. Februry 3 Sun company sold 50 flowers at $30 each. The credit terms were 5/5, n/30. The transportation cost was $80, FOB destination point. Februry 4 The sun company received 5 flowers as a return from their sales on February 3. Februry 5 The Sun company borrowed $15,000 to another company using a note with interest rate of 3% and maturity of 1 year. Februry 6 The Sun-company received a payment for their sales on February 3. Februry 7 The Sun company-paid for their purchase from February 1. Requirements 1. Record the above transactions in journal or ledger 2. Calculate the gross profit percentage for the company and interpret it. S