(2) On October 5, Lane Company buys merchandise on account from O'Brien Company. The selling price of the goods is $5,970, and the cost to O'Brien Company is $3,920. On October 8, Lane returns defective goods with a selling price of $860 and a scrap value of $320. Record the transactions on the books of O'Brien Company. Date: Description/Account Credit Debit Oct. 5 1.__________________ $__________ 2.__________________ $__________ 3.__________________ $__________ 4.__________________ $__________ Oct. 8 5.__________________ $__________ 6.__________________ $__________ 7.__________________ $__________ 8.__________________ $__________ the options for the blanks 1-8 are: Merchandise inventory, Accounts payable, Sales returns and allowances, Sales, Accounts receivable, or Cost of goods sold. Thank you very much for your help