Alled Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied isellen product: May 3 Attied made 2ts first and onty purchase of inventory for the period on May 3 for 3,000 units at a price of 512 cash per unit (for a total cost of $36,000 ). May 5 Allied sold 1.500 of the units in inventary for 416 per unit ifnvofce totot: 524,000 ) to Macy Company under credit termis 2/10,0/60. The goods cost Allied $18,000. May 7 Macy returns 150 units because they did not fit the custoner's needs (Anvodce anount: 32,400). Allied cestores the units, which cost $1,800, to its inventory. May 8 Macy discovers that 150 units are scuffed but are stili of use ond, therefore, kecps. the units. Atlied oives a price reduction (attowance) and eredits Macols afcounts fecelvable for $1,200 to compensate for the damage. May 15 Altued recetves payent froa Macy for the amount Oned on the May 5 purchase: payment is net of returns, allowances, and any cosh discount. Use the above informations, analyze each transiction by indicating its effects on the income statement-specificaliy, identify the accounts and amounts (fincluding + or ) for eoch transaction. Use the above informations, analyze each transaction by indicating its effects on the income statement-specifically. identify the accounts and amounts fincliading + of -1 for alach transaction. \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ unt } & \multicolumn{2}{|c|}{ May 7} & \multicolumn{2}{|c|}{ May 8} & \multicolumn{2}{|c|}{May15} \\ \hline & \begin{tabular}{c} Increase of \\ Decrease \end{tabular} & Amount & \begin{tabular}{l} Increase or \\ Decrease \end{tabular} & Amount & \begin{tabular}{l} Increase or \\ Docrease \end{tabular} & Anount \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular}