At the beginning of June 2021, Culver Distributing Company's ledger showed Cash $18,000, Merchandise Inventory $4,000, and D. Culver, Capital $22,000. During the month of June, the company had the following selected transactions: June 1 Purchased $8,900 of merchandise inventory from Sun Supply Co.,terms 1/15, 1/30, FOB destination. 2 The correct company paid $250 cash for freight charges on the June 1 purchase. 5 Sold merchandise inventory to Moose Jaw Retailers for $11.900. The cost of the merchandise was $7,200 and the terms were 2/10, 1/30, FOB destination 6 Issued a $1,000 credit for merchandise returned by Moose Jaw Retailers. The merchandise originally cost $570 and was returned to inventory 6 The correct company paid $300 freight on the June 5 sale. 7 Purchased $800 of supplies for cash. 10 Purchased $3,750 of merchandise inventory from Fey Wholesalers, terms 2/10, 1/30, FOB shipping point 10 The correct company paid $150 freight costs on the purchase from Fey Wholesalers. 12 Received a $200 credit from Fey Wholesalers for returned merchandise. 14 Paid Sun Supply Co the amount due. 15 Collected the balance owing from Moose Jaw Retailers, 19 Sold merchandise for $7,400 cash. The cost of this merchandise was $4,700. 20 Paid Fey Wholesalers the balance owing from the June 10 purchase. 25 Made a $500 cash refund to a cash customer for merchandise returned. The returned merchandise had a cost of $325. The merchandise was damaged and could not be resold. 30 Sold merchandise to Bauer & Company for $4,300, terms n/30, FOB shipping point. Culver's cost for this merchandise was $2,700 A physical inventory count shows $3,900 of inventory on hand on June 30, 2021. Record the transactions assuming Culver uses a periodic inventory system and the earnings approach. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Set up general ledger accounts for merchandise inventory and all of the temporary accounts used in the merchandising transactions. Enter beginning balances, and post the transactions. Prepare a partial multiple-step income statement, up to gross profit, for the month of June 2021. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).)