Canada Ac- ng Weekly Up- The following merchandise transactions occurred in December. Both companies use a perpetual Inventory system ook PLUS Support Dec. 3 Whispering Winds Ltd. sold goods to Ayayal Corp. for $61,500,terms 2/10, 1/30, FOB shipping point. The inventory had cost Whispering Winds $37,600. 7 Shipping costs of $920 were paid by the appropriate company 8 Ayayal returned unwanted merchandise to Whispering Winds. The returned merchandise has a sales price of $2.000, and a cost of $1.080. It was restored to inventory 11 Whispering Winds received the balance due from Ayayai. Part 1 Record the above transactions in the books of Whispering Winds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Dec. 3 (To record credit sale) (To record cost of merchandise sold) Chapter Online QUIZ Chege Study Order Contration Cheon.com (To record cost of merchandise sold) (To record return of goods) (To record cost of merchandise returned) e Textbook and Media List of Accounts Part 2 Record the above transactions in the books of Ayayal. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Dec. 3 -- e Textbook and Media MacBook Air Part 3 Calculate the gross profit earned by Whispering Winds on the above transactions. Gross Profit $