As a consultant, you specialize helping companies decide which accounting method to use. You client, Megabucks Company, has just started business. The owners want to know how to use the gross and net methods to record purchases, Megabucks also wants to know which methods is best to use. Megabucks uses the periodic system. Prepare the journal entries under the gross and net methods for the following situations. Describe which method has the most information for management, and why that method is more informative