Carter Hall, Inc., is a major publisher of college textbooks. Carter Hall allows college bookstores to return all purchases within two months of delivery. Sales for December, Year 1, included $600,000 of textbooks for the spring Year 2 $e mester. The company's cost of goods sold averages 65% of sales. Carter Hall estimates that 25% of the December book sales will be returned. A" sales are on account. In February, Year 2, $140,000 in book sales were returned. No customer payments had been collected at the time of the returns. Prepare the required entries below. Be sure to clearly indicate debit and credit entries a) Based on the information above, prepare the entryfies) Carter Hall would record during December, Year 1 b) Based on the information above, prepare the entrylies) Carter Hall would prepare in February, Year 2