Green Furniture Enterprise started a business of selling furniture on 1 May 2021. The following shows the Trial Balance of Green Furniture Enterprise as at 31 May 2021: Credit RM Debit RM 108,100 26,000 100,000 48,600 352,700 157,000 145,500 350,000 16,000 Bank and Cash Account Receivables Inventory Supplies Office Equipment Notes Payable Account Payables Capital, Green Furniture Enterprise Drawings Sales revenue Sales return and allowance Cost of goods sold Salaries and wages expense Advertising expense Utility expense Rental expense Freight-out Total 265,600 16,400 132,000 20,000 73,200 3,000 12,000 10,100 918,100 918,100 Mr. Fairuz, the owner of Green Furniture Enterprise has reviewed all the transactions occurred during the month of May 2021. He found several transactions that have not yet been recorded as follows: May Purchased merchandise inventory on credit from Cengal Padu for RM46,000 with terms of 1/10, n/EOM. 2 Return the default merchandise total RM1,000 purchased on 1 May. 4 Purchased merchandise inventory on cash for RM18,000. The charge for freight-in amounting RM1,400, F.O.B shipping point. 6 Sold merchandise on cash for RM14,400. The cost of merchandise sold was RM9,640. Freight cost was RM840, F.O.B Destination. 8 Paid the amount due to Cengal Padu for the merchandise purchased on 1 May. 12 Sold merchandise to Dahlia Enterprise on account for RM19,000 with credit terms of 2/10, n/60. The cost of the merchandise sold was RM13,600. 13 Issued a credit memorandum for RM1,300 to Dahlia Enterprise, for the returned merchandise purchased on 12 May. The cost of the returned items was RM960. 20 Received the balance amount due from Dahlia Enterprise. Required: a) Prepare journal entries to record the transactions occurred during May 2021 using the perpetual inventory system. b) Prepare a Multiple-Step Income Statement for the month ended 31 May 2021. c) Explain the main differences in the income measurement process between service and merchandising company