4. Information related to Pagnucci Co. is presented below. 1. On April 5, purchased merchandise from Mockingbird Company for $20,000 terms 2/10, net/30. 2. On April 6 paid freight costs of $500 on merchandise purchased from Mockingbird. 3. On April 7, purchased equipment on account for $29,000. 4. On April 8, returned damaged merchandise to Mockingbird Company and was granted a $3,000 credit for returned merchandise. 5. On April 18 paid the amount due to Mockingbird Company in full. Instructions: (2 pts) (a) Prepare the journal entries to record these transactions on the books of Pagnucci Co. under a perpetual inventory system. (b) On April 20, Pagnucci sold 60% of the goods purchased from Mockingbird. What amount would they record as cost of goods sold? (c) Assume that Pagnucci Co. paid the balance due to Mockingbird Company on May 4 instead of April 18. Prepare the journal entry to record this payment