4 Question 2, Exercise 5- 4 (similar to) HW Score: 0%, 0 of 100 points Points: 0 of 20 Save Part 1 of 4 Fast Gear uses the perpetual inventory system and sells $680,000 of sporting goods to Foster Outfitters under credit terms of 2/10, net 45 on April 10, 2020. Fast Gear's cost of the goods is $476,000, and it receives the appropriate amount of cash from Foster Outfitters on April 20, 2020. Journalize Fast Gear's transactions on April 10, 2020, and April 20, 2020. How much gross margin did Fast Gear earn on this sale? Journalize Fast Gear's sale of the sporting goods. The journal entry for Fast Gear's cost of goods sold will be in the next step. (Record debits first, then credits. Exclude explanations from journal entries.) Date Apr 10 Journal Entry Accounts Debit Credit