At the beginning of the current season on April 1, the records of Sheffield Pro Shop showed Cash $3,070, Inventory $3,500, and Common Stock $6,570. The following transactions occurred during April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account from Sheridan Co. $2,600. 9 Received credit from Sheridan Co. for merchandise returned $300. 10 Sold merchandise on account to members $1,440. The merchandise sold had a cost of $810. 12 14. 17 20 20 211 23 Purchased golf shoes, sweaters, and other accessories on account from Sunland Sportswear $970. Paid Sheridan Co. in full Received credit from Sunland Sportswear for merchandise returned $70 Made sales on account to members $850. The cost of merchandise sold was $550. Paid Sunland Sportswear in full. 30 Received payments on account from members $1,470. Assets Cash Accts. Rec. Apr. 1 $ 5 9 10 12 14 17 20 21 23 $ Inv. Liabilities Accts. Pay Common Stock $ Inv. Accts. Pay. Common Stock Rev. Retained Earnings Exp