Bridget, Inc., purchased inventory costing $170,000 and sold 75% of the goods for $202,500. All purchases and sales were on account. Bridget later collected 30% of the accounts receivable. 1. Journalize these transactions for Bridget, which uses the perpetual inventory system. 2. For these transactions, show what Bridget will report for inventory, revenues, and expenses on its financial statements at the end of the month. Report gross profit on the appropriate statement. 1. Journalize these transactions for Bridget, which uses the perpetual inventory system. Journalize the purchase of inventory. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Accounts Debit Credit