Bridgeport Corp. uses a periodic inventory system. The company had the following inventory transactions in April: April 3 Purchased merchandise from Sarasota Ltd. for $ 30,700, terms n/30, FOB shipping point. 6 The appropriate company paid freight costs of $ 770 on the merchandise purchased on April 3. 7 Purchased supplies on account for $5,010. 8 Returned damaged merchandise to Sarasota received a credit of $3,600. The merchandise was returned to inventory for future resale. 30 Paid the amount due to Sarasota in full. 1. The cost of the merchandise sold on April 3 was $20,590. Sarasota expected a return rate of 15%. 2. The cost of the merchandise returned on April 8 was $ 2,400. 3. Sarasota uses a periodic inventory system. Record the above transactions in Bridgeport's books and in the books of Sarasota. Both companies use the periodic inventory sys (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Er for the account titles and enter O for the amounts.)