Harris, Inc. sells kitchen cabinets. On December 31, 2021, Harris inventory amounted to $700,000. During the first week of January 2022, the company made the following transactions: Jan. 5 Purchased 120 cabinets from Nelson, Inc. The total cost of this purchase was $240,000, terms 3/10, n/30. Jan. 10 Sold 50 cabinets on account to Kitchen World. The total sales price was $200,000, terms 5/10, n/60. The total cost of these 50 units to Harris was $97,000 (net of the purchase discount). Jan. 11 Harris paid the amount due to Nelson, Inc. in order to benefit from the discount. February 3 Kitchen World pays the full amount due to Harris. .Harris, Inc. has a full-time accountant and a computer-based accounting system. The business records sales at the gross sales price (does not apply discount) and purchases at net cost (discount included). Instructions b. Prepare journal entries to record these transactions, assuming Harris uses a perpetual inventory system. (5 points)