At the beginning of the current soccer season, on May 1, 2021. Fullback Sports has 99 soccer balls in inventory at $10 each. The company uses a perpetual inventory system and the contract-based approach for revenue recognition. Based on past experience. Fullback's management estimates returns at 20% of sales and has a stated return policy of 15 days from the date of sale. The following sales transactions occurred in May May 5 Sold 15 soccer balls to Wolverine Soccer Club for $20 each.n/30 Wolverine Soccer Club returned 3 of the balls after determining it had purchased more balls than it needed. Fullback gave Wolverine a credit on its account and returned the balls to inventory. Sold 35 balls at $20 each to cash customers. 12 7 of the balls purchased for cash on May 10 were returned for cash because they were damaged. The balls were scrapped. Sold 30 balls to Spectre Community Club for $20 each, 1/30. 31 Collected cash trom Wolverine Soccer Club for the amount owing 7 10 17 Record the transactions for the month of May for Fullback Sports. (Credit account titles are automatillinental when