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 9 Purchased golf bags, clubs, and balls on account from Sheridan Co. $2,600. 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 Purchased golf shoes, sweaters, and other accessories on account from Sunland Sportswear $970. 14 Paid Sheridan Co. in full. 17 Received credit from Sunland Sportswear for merchandise returned $70. 20 Made sales on account to members $850. The cost of merchandise sold was $550. 21 Paid Sunland Sportswear in full. 28 30 Received payments on account from members $1,470. Enter the beginning balances in the summary and record the April transactions using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses e.g. (45).) Assets Li Cash Accts. Rec. Inv A Apr. 1 $ 5 9 10 10 12 14 17