At the beginning of July, CD City has a balance in inventory of $2,750. The following transactions occur during the month of July. July 3 Purchase con on account from Nholesale Muale for $1,650, tnrma 2/10,n/30. July 4 Pay cash for freight ohargea related to eha July 3 parchase fron wholesale Maile, 5110 . July 9 Return incorrectly ordered con to Mholesale Minic and recelve oredit, 9200. July il pay Mholesale Kusio in full. July 12 sell cbs to eustomern on acoount, $4,500, that had a cont of $2,350. July is Receive full paysent from cuntonern relatid to the nale on July 12 . July 18 parchase CD on account from Muale Bupply for $2,450, terme 2/10,n/30. Joly 22 sel1 con to euatomara for casb, $3,550, that had a cont of $1,850. July 28 Return cos to Mande supply and receive credit of 9170 . July 30 pay Kasie Bupply in full. Required: 1. Assuming that CD City uses a perpetual inventory system, record the transactions. 2. Prepare the top section of the multiple-step income statement through gross proft for the month of July. Complete this question by entering your answers in the tabs below. Prepare the top fection of the multiple-step income statement through gross profit for the month of 70ly