Exercise 6-2 The folowing transactions are for Blossom Company 1 2 On December 3, Blossom Company sold $515,600 of merchandise to Sunland Co. on account. The cost of the merchandise sold was $320,500. On December 8, Sunland Co. returned $24,000 of merchandise purchased on December 3. The cost of the goods was $16.000. On December 13, Blossom Company received the balance due from Sunland Co. Prepare a tabular summary to record these transactions for Blossom Company using a perpetual Inventory system.Enter mecalive amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) Assets Liabilities + Stockholders' Equity Retained Earnings Rev. Exp. Cash Accts. Rec. + Inv. Accts. Pay. + Common Stock + Dec. 3 $ $ $ $ $ Sales revenue Cost of goods sold Sales returns & allowances Cost of goods sold 13