More info \begin{tabular}{|ll} \hline May 8 & ToysandMorepurchased$113,300worthofMegoBlocktoysonaccountwithcredittermsof2/10,n/60. \\ May 12 & ToysandMorereturned$11,250ofthemerchandisetoMegoBlockduetodamageduringshipment. \\ May 15 & Toys and More paid the amount due, less the return and discount. \\ \hline \end{tabular} Consider the following transactions for Toys and More: Click the icon to view the transactions.) Requirements 1. Joumalize the purchase transactions. Explanations are not required 2. In the final analysis, how much did the inventory cost Toys and More? Requirement 1. Journalize the purchase transactions. Explanations are not required. (Assume the cormpany usos a perpetual inventory system. Record debits first, then credits Exclude explanations from joumal entries.) May 8: Toys and More purchased $113.300 worth of MegoBlock toys on account with credit terms of 2/10,n/60. May 12: Toys and More returned $11,250 of the merchandise to MegoBlock due to damage during shipment. May 15: Toys and More poid the amount due, less the retum and discount. Consider the following transactions for Toys and More: Click the icon to view the transactions.) Requirements 1. Journalize the purchase transactions. Explanations are not required. 2. In the final analysis, how much did the inventory cost Toys and More? May 12: Toys and More returned $11,250 of the merchandise to MegoBlock due to damage dur May 15: Toys and More peid the amount due, less the retum and discount. Requirement 2. In the final analysis, how much did the inventory cost Toys and More? The inventory cost for Toys and More is