n is available for the Johnson Corporation for 2018: Beginning inventory Merchandise purchases (on account) Freight charges on purchases (paid in cash) Merchandise returned to supplier (for credit) Ending inventory Sales (on account) Cost of merchandise sold $ 38,eee 168,000 23,000 25,0ee 43,000 263,000 161,000 Required: Applying both a perpetual and a periodic inventory system, prepare the journal entries that summarize the transactions that created these balances. Include all end-of-period adjusting entries indicated