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Save Answer QUESTION 21 10 points Marvin Gardens sells orchids to Trader Joe's. During the month of January, Marvin sells $10,000 in orchids to Trader Joe's on account. These orchids have a cost to Marvin Gardens of $3,000. Upon receipt of the orchids, Trader Joe's calls Marvin Gardens and indicates that there has been damage to 10% of the order. Instead of having Trader Joe's return any flowers, Marvin Gardens grants a sales allowance of $1,000. Based on this information, please answer the following questions 1. What are the entries on the books of Marvin Gardens that are recorded upon the initial sales of flowers to Trader Joes? Be sure to record both the sales (which are on account) and inventory-related transactions for Marvin Gardens. Do not consider the sales allowance as part of these entries. For flower sales, you can use the "Sales Revenue" account in your entry (4 points) 2. What entry does Marvin Gardens record when it grants the sales allowance of $1,0007 Use the "Sales Returns and Allowances account as part of your entry. 12 points) 3. What entry does Trader Joe's record when it receives the sales allowance fo $1,000? (2 points) 4. What is the gross profit of Marvin Gardens for this transaction Show how you calculate your answer. (2 points)