Listed below are selected examples of transactions related to the purchase and sale of inventory from the perspective of the seller or the buyer as indicated. Assume a perpetual inventory system is in use. 1. Buyer: Purchase of $4,150 of inventory for cash. 2. Buyer: Return of $960 of inventory to seller for credit on account. 3. Buyer: Purchase of $5,120 of inventory on account, terms 2/10,n/45. 4. Buyer: Payment of $560 cash for freight on purchase of inventory (FOB shipping point). 5. Buyer: Payment of amount owed for purchase of $4,150 of inventory, terms 2/10,n/30, paid within discount period. 6. Seller: Sale of inventory on account, terms n/30. Selling price $12,800; cost $5,120. Management expects a return rate of 7.50%. 7. Seller: Return of damaged inventory from buyer for cash. Selling price $680; cost $296. All these goods were discarded because they are not resaleable. 8. Seller: Payment of $720 cash for freight on sale of inventory (FOB destination). 9. Seller: Return of unwanted inventory from buyer for credit on account. Selling price $560; cost $200. Goods restored to inventory for future resale. 10. Seller: Receipt of payment ($10,240) from customer on account, terms n/30. For each of the above transactions, indicate (a) the basic type (asset, liability, revenue, or expense) of each account to be debited and credited; (b) the specific name(s) of the account(s) to debit and credit (for example, Inventory); and (c) whether each account is increased (+) or decreased (-) and by what amount. The first one has been done for you as an example. (Enter specific debited account items in alphabetical order. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)