Beth Bailey's Textiles, Inc., uses a perpetual inventory system. Enter the following transaction into the accounting equation: In February, Beth Bailey's sold $475,000 of merchandise on account with terms 2/10, n/30. The cost of the merchandise sold was $220,000. Enter the transaction into the accounting equation. Some of the accounts will be abbreviated. (Use parentheses or a minus sign when entering component decreases. Use only the necessary input lines.) Shareholders' Equity Assets Liabilities Contributed Capital Retained Earnings Account Account Account Account + +