At the beginning of the current season on April 1, the ledger of Cheyenne Corp. Shop showed Cash $2,000, Inventory $2,200, and Common Stock $4,200. The following transactions were completed during April 2022. Apr. 5 7 Purchased golf discs, bags, and other inventory on account from Arnie Co. $1,050, FOB shipping point, terms 2/10, n/60. Paid freight on the Arnie purchase $40. 9 Received credit from Arnie Co. for merchandise returned $200. 10 Sold merchandise on account for $950, terms n/30. The merchandise sold had a cost of $570. 12 Purchased disc golf shirts and other accessories on account from Woods Sportswear $670, terms 1/10, n/30. 14 Paid Arnie Co. in full, less discount. 17 Received credit from Woods Sportswear for merchandise returned $70. 20 Made sales on account to members for $580, terms n/30. The cost of the merchandise sold was $350. 21 Paid Woods Sportswear in full, less discount. 27 Granted an allowance to members for clothing that did not fit $40. 30 Received payments on account from members $920.