a) Happy Customer Inc (HCI) buys merchandise from Profitable Seller CO (PSC) for $5,000. The payment terms are 2/15,N30 and shipping terms are FOB Shipping Point The merchandise cost PSC $2,000. b) Some of the merchandise is damaged and HCl returns $200 worth of product to PSC. PSC cannot resell the merchandise. c) HCI pays the amount owed to PSC with in 11 days of the transaction. d) The responsible party pays $100 for shipping of the merchandise. REQUIRED Prepare the journal entries (in good form) for the Seller (PSC) Prepare the journal entries in good form) for the Buyer (HCI) Please write journals for Buyer and Seller on 2 separate pages. Results of Merchandise Journals for HCl and PSC (part 2 of 2) For HCl (the customer), what are Net Purchases?$ For PSC (the seller), what are Net Sales?$