Griswold's began operations in January, selling inexpensive sunglasses to large retailers like Walgreens and other smaller stores. Assume the following transactions occurred during its first six months of operations Sold merchandise to Walgreens for $26,000; the cost of these goods to Griswold's was $17,400. January 1 February 12 Received payment in full from Walgreens. March Sold merchandise to Bravis Pharmaco on account for $3,600; the cost of these goods to Griswold's was $1,700. Sold merchandise to Tony's Pharmacy on account for $8,600. The cost to Griswold's was $4,700. Sold merchandise to Anjuli Stores on account for $2,600; the cost to Griswold's was $1,500. Received $6,800 on account from Tony's Pharmacy. April 1 May 1 June 17