2. Doichland Company is a retailer that uses perpetual inventory system. The following information about the company's April transaction is available: i. The company had inventory worth $8,700 on April 1. Cash on the same day was $88,000. ii. The company made sales of $500,000 for the month of April. The customers did not like the quality of few products sold by Doichland Company, thus inventories worth $5,800 were returned to Doichland Company. iii. During the month. Doichland Company purchased inventories worth $56,000 (terms: FOB Shipping point, 2/10, 1/30). The freight cost was $1,000. Inventories worth $2,000 were returned to the seller. iv. Doichland Company sold some old non current assets for a gain of $3,400. v. The owner of the company withdrew $1,500 for personal use. vi. At the end of the month Doichland Company again purchased new inventories worth $10,000 (terms: FOB Destination; 2/10, n/45). At the end of the month the total value of inventory on hand was $32,000. Required : a. Calculate the Gross profit for the month of April, for Doichland Company. 3. Charles and Co. completed the following merchandise transaction in the month of January of the current year: January 1 Purchased inventory worth $6,500 from TJ Company, with the following terms: FOB Shipping Point, 2/10, 1/ 45. The freight cost of $170 was paid on the same day. January 3 Sold merchandise worth $2,300 with transportation terms of FOB Shipping Point and credit terms of 2/7,n /30. The cost of the merchandise sold was $1,300. The freight cost of $150 was paid on the same day. January 4 Merchandise worth $700 was returned to TJ Company. January 9 Received payment for merchandise sold on January 3. January 12 Made payments for the inventories purchased from TJ Company. Required: Journalise the transactions that are to included in the books of Charles and Co., using the perpetual inventory system