$2.$ Tara$$s Treasures uses the Perpetual Inventory Method. She sells her inventory to her customer on Accounts Receivable, with $2/10,$ Net$/30$ payment options.

Tara had the following entries during December $2023$:

a$.$ Tara purchases $$40,000$ in Inventory from Keira$$s Karts Company on Account Payable, Terms FOB Shipping Point, $1/10,$ Net$/30$

b$.$ Tara pays $$500$ in shipping costs

c$.$ Tara sells Inventory to Noelle$$s Napkin Company for $$30,000$ on Accounts Receivable, the Inventory Cost $$15,000.$ FOB Destination.

d$.$ Tara pays the Delivery $($Shipping$)$ Expenses for the sale to Noelle.

e$.$ Tara returns Inventory for $$5,000$ back to Keira

f$.$ Tara pays Keira within the $10$ day discount period.

g$.$ Noelle returns $$6,000$ of the sale back to Tara, the Inventory returned cost $$3,000.$

h$.$ Noelle pays Tara within the $10$ days discount period:

REQUIRED:

i$.$ Record the entries in the Journal

ii$.$ What is the ending balance in Inventory and Cost of Goods Sold.