Alied Parts was organized on May 1, 2013, and made its first purchase of merchandise on May 3 The purchase was for 2000 units at a price of $10 per unit. On May 5 , Allied Parts sold 1,500 of the units for $14 per unt to Baker Co. Terms of the sale were 210 , ni60 0. On May 7, Baker ieturns 200 units because they did not fit the customer's needs. Alied Parts restores the units to its imventory. b. On May 8, Baker discovers that 300 units are damaged but are stal of some use and, thercfore, keeps the units. Allied Parts sends Baker a credit memorandum for $600 to compensate for the damage. c. On May 15. Baker discovers that 100 units are the wrong color. Baker keeps 60 of these units because Allied Parts sends a $120 credit memorandum to compensate. Baker returns the remaining 40 units to Alled Parts. Alled Parts restores the 40 returned units to is inventory Prepare the appropnate joumal entries for Baker Co to record the May 5 purchase and each of the three separate transactions a through c. Baker is a retailer that uses a perpetual inventory system and purchases these units for resale