Beethoven Music Company started business in March 2021. Sales for its first year were $400,000. Beethoven priced its merchandise to yleld a 45% gross profit based on sales dollars. Industry statistics suggest that 10% of the merchandise sold to customers will be returned, Beethoven estimated Its sales returns based on the Industry average. During the year, customers returned $30,000 in sales. Beethoven uses a perpetual inventory system Required: 1. Prepare the Journal entry to record the sale. 2. Prepare the journal entry to record sales returns. 3. Prepare the journal entry to record the year-end adjusting entry for estimated sales returns. Assume that cash has not yet been collected for merchandise that could yet be returned. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 propare the fournal entry to record the cale (il no entry to required for a transaction/event, select "No journal entry required to the first account field) View transaction list Journal entry worksheet 1 2 Record the sale