Allied parts was organized on May 1, 2013 and made its first purchase of merchandise on may3.The purchase was for 1,500 units at a price of $11 per unit. On may 5, Allied parts sold 900 of the units for $15 per unit to baker co.Terms of the sale were 2/10,n/60. a.On may 7, baker roturns 315 units beause they did not fit customer's needs.Allied parts restores the units to its invenory, b,On may 8, Baker discovers that 75 units are damaged but are still of some use and, therefore,keeps the units.Allied parts sends baker a credit memorandum for $525 to compensate for the damage. c.On may 15, baker discovers that 90 units are the wrong color. baker keeps 54 of these units because allied parts sends a $110 credit memorandum to compensate.Baker returns the remaining 36 units to Allied parts.Allied parts restores the 36 refurned units to its inventory