Check my work mode: This shows whet is correct or incorrect for the work you have c 15 Required information Part 3 of 3 Problem 6-9A Record transactions and prepare a partial income statement using a periodic inventory system (LO6-8) (The following information applies to the questions displayed below At the beginning of July, CD City has a balance in inventory of $3.400. The following transactions occur during the month of July. July 3 Purchase cDs on acecunt from Whclesale Musie for $2, 300, terms 1/10, n/30. July a pay cash for freight charges related to the July 3 purchase from wholesale Music, $110 July 9 Return incorrectly ordered CDs to Wholesale Music and receive credit, s200. July 11 Pay Wholesale Music in full. July 12 sell CDs to customers on account, $5, 800, that had a cost of $3,000. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase CDs on account from Music Supply for $3,100, terms 1/10, n/30. July 22 Sell CDs to custamers for cash, $4,200, that had a cost of $2,500. July 28 Return CDs to Music Supply and receive credit of $300. July 30 Pay Music Supply in full. Problem 6-9A Part 3 3. Prepare the top section of the multiple-step income statement through gross profit for the month of July CD CITY ltiple-step Income Sta Prev15 of 15Next 15 Problem 6-9A Part 3 Part 3 o3. Prepare the top section of the multiple-step income statement through gross proft for the month o 10 For the month of July Net sales 10,000 Cost of goods sold 3,400 4,900 8.300 Beginning inventory Add Purchases Add Freight-in - Less: Purchase returns 5,500 4,500 Cost of goods sold Gross profit