3. On May 1, Sommers Inc. sold merchandise in the amount of $6,000 to Wilson LLC, with credit terms of 2/10, n/30. The cost of the items sold was $3,000. Sommers Inc. uses the perpetual inventory system. On May 5th, Wilson LLC returned inventory that had cost Sommers Inc. $500 and was sold for $1,000. On May 8th Sommers Inc. received the balance due from Wilson LLC. a. Create the Journal Entry that Sommers Inc. should record on May 1st- The initial sale of the inventory. b. What journal entry would Sommers Inc. record on May 8th when they received payment from Wilson LLC? Hint: remember they returned some inventory on May 5th