Income Statement No Effect b. The merchandise returned by Beasiey Co. on janvary 3,20%4. Finanrial statamant cifant. On December 28,20Y3, Silverman Enterprises sold $18,500 of merchandise to Beasley Co. with terms n/30. The cost of the goods 501d was $11,200. On December 31, 20Y3, Silverman prepared its adjusting entries and yearly financial statements. On January 3,20Y4, Silverman Enterprises issued Beasley Co. a credit memo for returned merchandise. The invoice amount of the returned merchandise was $4,000 and the merchandise originally cost Silverman Enterprises $2,350. Illustrate the effects of the following on the accounts and financial statements of Silverman Enterprises. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. Enter account decreases, cash outflows, and the income statement effects that reduce gross profit as negative amounts. a. The December 28,203, sale to Beasley Co, c. The receipt of the amount due from Beasley Co. on January 7, 20Y4