)At the beginning of June, Chow Company has a balance in inventory of $2,100. The following transactions occur during the month of June. June 2 Purchase radios on account from Air One for $2,400, terms 3/15, n/45 June 4 Pay freight charges related to the June 2 purchase from Air One, $400. June 8 Return defective radios to Air One and receive credit, $600. June 10 Pay Air One in full. June 11 Sell radios to customers on account, $5,000, that had a cost of $3,300 June 18 Receive payment on account from customers, $3,100. June 20 Purchase radios on account from Motion Unlimited for $3,300, terms 3/10, n/30. June 23 Sell radios to customers for cash, $4,800, that had a cost of $3,200. June 26 Return damaged radios to Motion Unlimited and receive credit of $300. June 28 Pay Motion Unlimited in full. Required: 1. Assuming that Chow Company uses a perpetual inventory system, record the transactions. o page is attached) 2. Prepare the top section of the multiple-step income statement through gross profit for the month of June