At the bottom of all its February sales receipts, Seifert Stores inc. printed $2-off coupons. The coupons may be redeemed March 1-April 30 . The liability for the $2-aff coupons is recorded at the end of February in part (c). Seifert Stores Inc, accepts only cash, MasterCard, or viSA. Ouring February, Seifert Stores completed the followi. selected transactions: Feb, 6. Sold merchandise to Mardi Andrews with a list price of $175 that cost Seifert Stores inc. $80, Marci presented a $5-off coupon, which she dipped out of the local newspaper. Marci used her VISA card for the purchase. 18. Sold merchandise to Chris Johnson with a list price of $50 that cost 5eifert Stores $24. The bottom of Chris Johnson's cash receipt includes the \$2-off coupon. Chris paid cash for his purchase. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. Enter account decreases, cash outflows, and the income statement effects that reduce gross profit as negative amounts. a. Illustrate the effects of the February 6 sale to Marci Andrews on the accounts and financial statements of Seifert Stores Inc. b. Illustrate the effects of the February 18 sale to Chris Johnson on the accounts and financial statements of Seifert Stores Inc. Illustrate the effects of the coupons Seifert Stores Inc. printed at the bottom of its February sales receipts on the accounts and financial statements. Assume that eifert Stores sold $25,000,000 of merchandise in February, which generated 12,500,000 printed sales receipts. The merchandise sold cost $16,500,000. $ iefert $ tores stimates that 15% of the $2-off coupons printed in February will be redeemed before they expire April 30