cost of $30 per pair. Assume that the oldest inventory is sold first. Pronghorn uses a perpetual inventory system and estimates returns of 5% on all sales. During the month of February 2022, the following transactions took place: Feb. 4 Purchased 1,080 pairs for $20 each from Culver Corp. on account, terms n/30. 11 Returned 108 pairs to Culver for $2,160 credit because the shoes were the wrong size. 13 Sold 210 pairs for $90 each to Shoes for Kids, terms n/30. 18 Granted credit of $900 to Shoes for Kids for the return of 10 pairs that were the wrong colour. The shoes were restored to inventory. 26 Paid Culver the amount owing. 28 Received payment in full from the Shoes for Kids. Record the February transactions. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round Cost of goods sold and inventory return answers to 2 decimal ploces, es. 12.52.50) Record the February transactions. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries Round Cost of goods sold and inventory return answers to 2 decimal places, eg. 1252.50) Feb. 18 \% Sales Returns and Allowances Accounts Receivable reco (Cost of goods sold recorded) Feb. 18 900 900 (Return of shoes) Febi18 (Return of shoes, assuming goods are resalcable and returned to inventory) Feb, 26 (Return of shoes) Feb. 18 * (Return of shoes, assuming goods are resaleable and returned to inventory) Teb26 Feb. 28 Cash 18000 Accounts Receivable