Davis Company sold merchandise to Bonita Company on account for $$131,400$ with credit terms of $?/10,$ n$/30.$ The cost of the merchandise sold was $$78,840.$ During the discount period, Bonita Company returned $$5,400$ of merchandise and paid its account in full $($minus the discount$)$ by remitting $$123,480$ in cash. Both companies use a perpetual inventory system. Prepare the journal entries that Davis Company made to record:$(1)(2)(3)$the sale of merchandise.the return of merchandise.the collection on account.